Gabriellejuliette
Member
Decentralized finance (DeFi) is one of the most transformative aspects of Web3. It allows individuals to access financial services like lending, borrowing, and trading without relying on traditional financial institutions or intermediaries. DeFi platforms are built on blockchain technology and use smart contracts to automate transactions. This eliminates the need for banks, brokerages, or other third-party entities. Web3 developers play a crucial role by creating decentralized protocols that govern these services, ensuring transparency, security, and efficiency. With DeFi, users maintain full control over their assets, as they are not stored in centralized accounts but are instead kept in private wallets or smart contract protocols.
Click To Know More: https://www.blockchainappfactory.com/web3-dapp-development
Click To Know More: https://www.blockchainappfactory.com/web3-dapp-development