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Defi, short for decentralized finance, is a fast-growing area of the cryptocurrency space that enables users to access financial services without the need for a centralized financial institution. Decentralized finance (DeFi) is a movement to decentralize traditional financial services such as lending, borrowing, and trading. DeFi is built on blockchain and smart contracts, providing an open and permissionless way to access financial services. DeFi projects offer users the ability to access traditional financial services without the need for a bank or other centralized institution. DeFi projects offer financial services such as lending, borrowing, and trading in a trustless, open, and transparent way. DeFi projects are typically built on public blockchains like Ethereum and provide users with access to financial services in a trustless and transparent manner. DeFi projects are often open source and focus on creating products that are easy to use and understand.