DeFi
DeFi, short for Decentralized Finance, is a blockchain-based financial system that operates without traditional intermediaries like banks or brokers. It uses smart contracts on platforms like Ethereum to enable peer-to-peer financial services such as lending, borrowing, trading, and yield farming. The goal is to create open, permissionless, and transparent financial infrastructure accessible to anyone with an internet connection.
Developers should learn DeFi to build applications in the rapidly growing blockchain and cryptocurrency space, particularly for creating financial dApps (decentralized applications) that automate transactions and reduce reliance on centralized institutions. It's essential for roles in fintech, blockchain development, and when working on projects involving cryptocurrencies, tokenization, or innovative financial products like decentralized exchanges (DEXs) or lending protocols.
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