Eadson Finance

Category: Defi

Decentralized finance (DeFi) is a term used to describe financial applications built on top of a blockchain or distributed ledger technology. These applications are designed to be open, transparent, and accessible to anyone with an internet connection, regardless of their geographic location or financial status. DeFi applications can offer various financial services, including lending, borrowing, trading, and payments. The goal of DeFi is to create a more inclusive and accessible financial system that is not controlled by any single entity, such as a bank or government. Instead, DeFi relies on decentralized networks of computers to facilitate financial transactions and decision-making, which makes it resistant to censorship and fraud.