Developers coined the term DeFi (defy) to illustrate eliminating regulatory parties and intermediaries from transactions, as multiple parties being involved in a transaction lead to low transparency and money loss for the user in a traditional financial system.
• How does DeFi contribute to clarity and transparency in financial transactions?
• What are some examples of new products and transaction methods that can be easily built on DeFi platforms?
• What role do cryptocurrency and blockchain play in supporting financial transactions through DeFi?
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