DeFi, or decentralized finance, is a financial system that operates on a blockchain network without intermediaries.
![](https://tesler.academy/wp-content/uploads/2022/07/756469036550018.jpg-1024x558.jpg)
DeFi, or decentralized finance, is a financial system that operates on a blockchain network without intermediaries. It allows individuals to conduct financial transactions, such as borrowing, lending, trading, and investing, using digital assets and smart contracts.
DeFi is often referred to as a disruptive force in the traditional finance industry as it enables greater financial inclusion, transparency, and security while reducing the cost of financial services.