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DeFi Explained: How Decentralized Finance Actually Works

calendar_today July 17, 2026 person Аnastasia domain nownodes

Decentralized finance — DeFi — is a set of financial services like lending, borrowing, trading, and earning interest, implemented through open blockchain protocols rather than banks. Smart contracts enforce the rules and settle transactions, while companies, foundations, and community governance still build and operate much of what you actually use. There is usually no traditional […] The post DeFi Explained: How Decentralized Finance Actually Works appeared first on NOWNodes Blog .

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