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DeFi: financial applications on a blockchain

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DeFi includes applications for exchanging, lending and other digital-asset operations.

How it works

Smart contracts execute some rules. A wallet interacts with software, not necessarily a bank account.

Automation is not insurance

FinFly recommends separately checking contracts, collateral, price inputs and liquidation terms. Code does not guarantee against loss.

Before connecting

Verify the app address and wallet permissions. An accessible interface does not establish local legal eligibility.

Primary sources

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