Key Features of Decentralized Finance

Key Features of Decentralized Finance

Decentralization: Financial transactions and services are managed by blockchain networks instead of central authorities.

Permissionless: Anyone with an internet connection and a crypto wallet can access DeFi platforms—no need for bank accounts or credit checks.

Transparency: All transactions and rules are recorded on public ledgers, ensuring visibility and accountability.

Programmable Finance: Smart contracts, self-executing agreements coded on blockchains, automate financial processes like lending, borrowing, and trading.

Global Accessibility: DeFi is borderless, enabling people worldwide to participate without restrictions.

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