What is DeFi?
An example of an AI chatbot conversation about decentralized finance (DeFi).
What is DeFi?
DeFi, or decentralized finance, refers to financial services using smart contracts on blockchains, primarily Ethereum.
How does DeFi differ from traditional finance?
DeFi eliminates intermediaries like banks, allowing peer-to-peer transactions and greater accessibility.
What are some popular DeFi platforms?
Some popular DeFi platforms include Uniswap, Aave, and Compound, each offering unique financial services.
Is DeFi safe to use?
While DeFi offers innovative solutions, it also comes with risks like smart contract vulnerabilities and market volatility.
How can I get started with DeFi?
To get started, you'll need a cryptocurrency wallet, some crypto assets, and knowledge of the platforms you want to use.
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