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Decentralized finance (DeFi) refers to financial services which might be constructed on decentralized, blockchain-based mostly platforms. These platforms offer financial providers which might be transparent, open, and accessible to anybody with an internet connection.

Some key features of DeFi embody:

Decentralization: DeFi platforms are decentralized, that means they don't seem to be controlled by a single entity or organization. This makes them resistant to censorship, fraud, and different types of manipulation.

Transparency: DeFi platforms are clear, which means that every one transactions are recorded on a public ledger. This makes them clear and straightforward to audit.

-Accessibility: DeFi platforms are accessible to anyone with an internet connection, regardless of their location or financial status.

-Smart contracts: DeFi platforms typically use smart contracts to automate financial transactions. These are self-executing contracts with the phrases of the agreement between buyer and seller being directly written into lines of code.

Some examples of DeFi providers include cryptocurrency exchanges, lending platforms, stablecoins, and decentralized prediction markets. These providers are revolutionizing the traditional monetary system by making financial providers more accessible and transparent.

Here are the top platforms for Defi:

MakerDAO: A decentralized platform that enables customers to borrow and lend cryptocurrency utilizing smart contracts.

Compound: A decentralized platform that permits users to lend and borrow cryptocurrency, as well as earn interest on their deposits.

Uniswap: A decentralized alternate that enables users to trade cryptocurrency without the need for a centralized exchange.

DyDx: A decentralized platform that enables customers to trade cryptocurrency futures contracts and options.

Bancor: A decentralized platform that permits customers to buy and sell cryptocurrency using smart contracts.

Celsius: A decentralized platform that permits customers to earn interest on their cryptocurrency deposits.

0x: A decentralized protocol that enables customers to trade cryptocurrency using smart contracts.

NEXO: A decentralized platform that allows customers to borrow and lend cryptocurrency, as well as earn interest on their deposits.

Augur: A decentralized platform that permits users to create and trade prediction markets.

dYdX: A decentralized platform that permits users to trade cryptocurrency margin contracts.

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