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Over the past few years, decentralized finance (DeFi) has become one of the most popular use cases in the crypto ecosystem. Briefly put, DeFi is a form of financial software built on top of the blockchain, with the potential to widen the scope and accessibility of financial services for everyone.
There are no third parties or paperwork required to make purchases, transfers, or transactions with DeFi. As a result, Decentralized Finance (DeFi) is able to bypass Central Banks and other institutions that serve as barriers in the traditional banking system because it is based on secure distributed ledgers.
Two exciting and promising tokens to look out for in the DeFi space are Polkadot (DOT) andParody (PARO) coin.
Polkadot (DOT)
Data and assets can be transferred between any two blockchains using Polkadot, a cross-blockchain protocol. Polkadot aims to achieve high levels of security...
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