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Decentralized Finance (DeFi): A Comprehensive Overview Introduction to DeFi Decentralized Finance (DeFi) represents a paradigm shift in the financial sector by utilizing Block-Chain technology to create an open and permission less financial system. Unlike traditional financial services that rely on intermediaries such as banks, DeFi operates on smart contracts, enabling users to lend, borrow, trade, and earn interest without the need for a central authority. This innovation enhances transparency, accessibility, and efficiency within the financial ecosystem. Key Components of DeFi 1. Smart Contracts: Smart contracts are self-executing contracts with the terms of the agreement directly written into code. They automatically facilitate, verify, or enforce the negotiation or performance of a contract, minimizing the need for intermediaries. 2. Decentralized Exchanges (DEXs): These platforms allow users to trade cryptocurrencies directly with one another, eliminating the need for a centraliz...