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Deep Diving into DeFi: A Closer Look at Decentralized Finance | HackerNoon

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A look at decentralized finance as well as the risks and rewards - defi decentralizedfinance

Decentralized finance, or DeFi for short, has been making waves in the financial industry as a promising alternative to traditional financial systems.

While DeFi has the potential to change the way we handle our finances, it is important to understand the risks associated with this emerging technology. The introduction of DeFi has the potential to disrupt traditional financial institutions since it gives individuals and companies alternative, transparent, and secure ways of lending, borrowing, trading, and managing their assets.Smart contracts are contracts that execute themselves automatically and have the terms of the agreement between the buyer and seller encoded directly into lines of code.

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