Decentralized Finance (DeFi), is a rapidly growing sector of the cryptocurrency industry, with a current market capitalization of over $57.5 bn as of April 18th, 2023 according to TradingView. Built on top of blockchain technology, DeFi applications are designed to provide a wide range of financial services enabling users in participation in the global financial system regardless of their location or background.
The DeFi stack includes interconnected components that work together, each of which plays a critical role in enabling decentralized finance, such as
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