DeFi stands for Decentralized Finance. It refers to financial services built on blockchain technology, such as lending, borrowing, and trading, without relying on traditional banks or intermediaries.
In India, many people are curious about DeFi because it offers new ways to manage money. For example, users can earn interest on their cryptocurrencies through DeFi platforms.
However, it is important to understand the risks, like market volatility and security issues, before investing in DeFi projects. |
