DeFi platforms allow people to lend or borrow funds from others, speculate on price movements on assets using derivatives, trade cryptocurrencies, insure against risks, and earn interest in savings-like accounts . DeFi uses a layered architecture and highly composable building blocks.
Read moreHow do I get crypto on decentralized exchange?
How to buy Decentralized Crypto Token
Read moreWhich is an example of a decentralized exchange?
A common example of a decentralized market is real estate , where buyers deal directly with sellers. A newer example is the virtual markets and blockchain system, which use cryptocurrency.
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