Decentralized finance (DeFi) development refers to the creation and implementation of financial applications and platforms that operate on blockchain technology. DeFi eliminates the need for intermediaries, allowing users to engage in various financial activities such as lending, borrowing, and trading directly with each other. Smart contracts govern these decentralized applications, ensuring transparency, security, and automation of transactions. DeFi development aims to democratize access to financial services, provide greater financial inclusivity, and offer innovative solutions for traditional financial systems.
