what is Defi? how it work?
Definition
financial apps that run on blockchain instead of traditional institutions.
Key Features
No intermediaries: You control your own funds.
Open to anyone: Only internet + crypto wallet needed.
Transparent: All transactions are visible on the blockchain.
Programmable: Smart contracts automatically execute rules.
Explanation
using money services without a bank.
Example 1
You put your crypto in an app →
the app pays you interest →
no bank, only computer code.
Example 2
You swap one coin for another →
directly from your wallet →
no Binance, no middleman.