DeFi (Decentralized Finance) is a blockchain-based financial system that eliminates the need for intermediaries. Explore the best DeFi protocols and track top DeFi dapps with DappRadar’s detailed rankings.
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Questions & Answers
What is defi
DeFi (Decentralized Finance) is a blockchain-based financial system that removes intermediaries like banks. It allows users to trade, lend, borrow, and earn interest through smart contracts.
What are the risks of DeFi?
DeFi carries risks like smart contract bugs, hacks, and market volatility. Always research platforms and use trusted protocols.
How do I start using DeFi?
You need a crypto wallet (e.g., MetaMask) and funds like ETH or stablecoins. Connect to DeFi platforms like Uniswap or Aave to trade or earn.
What are the best DeFi platforms?
Popular DeFi platforms include Uniswap (DEX), Aave (lending), and Curve (stablecoin swaps). Each serves different financial needs.
How can I earn passive income with DeFi?
You can earn by staking, lending, or providing liquidity on platforms like Aave and Uniswap. Rewards vary based on market conditions.