DeFiDeFi DeFi services use smart contracts, decentralized protocols, and tokens to offer a range of financial services that can sometimes replace those offered by banks, such as lending/borrowing, asset management, insurance, or asset exchange. services use smart contracts, decentralized protocols, and tokens to offer a rangeRange The difference between the highest and lowest prices of an asset within a specific period. of financial services that can sometimes replace those offered by banks, such as lendingLending The act of lending cryptocurrency for interest./borrowing, assetAsset Any digital asset, including cryptocurrencies. management, insurance, or asset exchange.
