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Last Updated on 3. May 2023 by Martin Schuster
Here, we give a short DeFi-nition 
of what decentralized finance is.
In Decentralized finance (DeFi), financial service providers use blockchain to offer financial instruments. Instead of relying on centralized intermediaries, DeFi proposes a decentralized approach utilizing smart contracts running on a blockchain.
This includes different services like borrowing & lending, trading, prediction markets, etc.
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