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

Some key features of DeFi embrace:

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

Transparency: DeFi platforms are transparent, which means that each one transactions are recorded on a public ledger. This makes them transparent and simple to audit.

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

-Smart contracts: DeFi platforms often use smart contracts to automate monetary transactions. These are self-executing contracts with the terms of the agreement between purchaser and seller being directly written into lines of code.

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

Here are the top platforms for Defi:

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

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

Uniswap: A decentralized exchange that permits customers to trade cryptocurrency without the necessity for a centralized exchange.

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

Bancor: A decentralized platform that enables users to buy and sell cryptocurrency using smart contracts.

Celsius: A decentralized platform that allows users to earn interest on their cryptocurrency deposits.

0x: A decentralized protocol that allows users to trade cryptocurrency using smart contracts.

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

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

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

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