A must-read for newbies! What is Decentralized Finance? Finally understood!
Decentralized Finance, abbreviated as DeFi, translates to "去中心化金融" in Chinese. Simply put, it is a financial system that operates directly on the blockchain without relying on banks. Imagine that whenever you want to save money, borrow money, or invest, you have to go to banks, trusts, or investment firms, right? DeFi tells you: "We bring a set of transparent and open financial tools for everyone to participate!"😊
Decentralized Finance is like a financial world where trust is not needed and everyone can participate!
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