#ZHIPU I notice that many people are asking what exactly is deFi. I'll try to explain it simply, without complicated terminology.

Decentralized finance — essentially a financial system without intermediaries. You don't need banks, their staff, or offices; instead, you perform transactions directly on the blockchain using smart contracts. Ethereum and Solana — the most common platforms for this.
When I learned what deFi is, I found it covers many types of operations. You can lend money to others and earn interest. You can also directly exchange one cryptocurrency for another. Deposit your tokens and earn yields. Trade without any middlemen. All of this runs 24/7, year-round, without passports or verification.
Are there practical examples? Uniswap allows you to directly swap between cryptocurrencies. Aave is a platform where you can borrow or lend funds. Curve focuses on low-fee stablecoin exchanges. Lido lets you stake Ethereum and receive liquidity tokens.
What truly sets deFi apart from traditional banks is this: no queues, no KYC verification, no restrictions. Your funds are entirely under your control. And all your transaction history is visible on the blockchain for everyone to see.
But to be honest — deFi is not magic. There are vulnerabilities, hacking risks, and various dangers. You can't just casually throw your money somewhere. You need to understand what you're investing in. But if you take the time to learn carefully, it remains one of the most exciting tools that could change the future of finance. If you're interested in how all this works, I recommend diving deeper into this field.