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Decentralized finance (DeFi) refers to financial companies that are constructed on decentralized, blockchain-based mostly platforms. These platforms offer monetary services which are clear, open, and accessible to anyone with an internet connection.  
  
Some key options of DeFi include:  
  
Decentralization: DeFi platforms are decentralized, that means they are not managed by a single entity or organization. This makes them immune to censorship, fraud, and different types of manipulation.  
  
Transparency: DeFi platforms are clear, meaning that each one transactions are recorded on a public ledger. This makes them transparent and simple to audit.  
  
-Accessibility: DeFi platforms are accessible to anyone with an internet connection, regardless of their location or financial status.  
  
-Smart contracts: DeFi platforms often use smart contracts to automate monetary transactions. These are self-executing contracts with the phrases of the agreement between purchaser and seller being directly written into lines of code.  
  
Some examples of DeFi services embody cryptocurrency exchanges, lending platforms, stablecoins, and decentralized prediction markets. These companies are revolutionizing the traditional financial system by making financial services more accessible and transparent.  
  
Listed below are the top platforms for Defi:  
  
MakerDAO: A decentralized platform that enables customers to borrow and lend cryptocurrency using smart contracts.  
  
Compound: A decentralized platform that enables customers to lend and borrow cryptocurrency, as well as earn curiosity on their deposits.  
  
Uniswap: A decentralized alternate that enables customers to trade cryptocurrency without the necessity for a centralized exchange.  
  
DyDx: A decentralized platform that allows customers to trade cryptocurrency futures contracts and options.  
  
Bancor: A decentralized platform that permits customers to buy and sell cryptocurrency utilizing smart contracts.  
  
Celsius: A decentralized platform that allows customers to earn interest on their cryptocurrency deposits.  
  
0x: A decentralized protocol that allows users to trade cryptocurrency utilizing smart contracts.  
  
NEXO: A decentralized platform that allows customers to borrow and lend cryptocurrency, as well as earn curiosity on their deposits.  
  
Augur: A decentralized platform that allows customers to create and trade prediction markets.  
  
dYdX: A decentralized platform that allows customers to trade cryptocurrency margin contracts.  
  
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