What is DeFi?

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What is DeFi?

Decentralized Finance, or “DeFi,” is a global marketplace of financial products, services, and assets that utilize DLT protocols to deliver them in a decentralized, autonomous, trustless, and permissionless manner. 

For example, decentralized exchanges (DEXes), lending/borrowing platforms, and automated market makers (like Uniswap) are popular types of DeFi applications.

Radix is building a layer 1 platform specifically for DeFi and will be the only decentralized network where developers will be able to build quickly without the constant threat of exploits and hacks, where every improvement will get rewarded, and where scale will never be a bottleneck.

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