What crypto coins are defi

what crypto coins are defi

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Once DAI is created, it functions as a token on the Ethereum blockchain that can be transferred between wallets to facilitate the transfer of value like any. Decentralized finance offers financial instruments without relying on intermediaries such as brokerages, exchanges, or banks by using smart contracts on a blockchain, mainly Ethereum. Defi coins or tokens allow you to utilize decentralized apps and platforms. These include decentralized exchanges, lending platforms, staking.
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