How DeFi Smart Contract Works In DeFi Applications?
Decentralized Finance (DeFi) has emerged as a game-changer in the financial landscape, revolutionizing traditional systems with its transparent, open, and permissionless approach. At the core of this disruptive movement lies smart contract development, enabling the creation of decentralized applications (DApps) that redefine economic interactions. In this article, we will delve into the world of DeFi smart contract development , workings of DeFi smart contracts and also explore their pivotal role in powering various DeFi applications. Understanding DeFi Smart Contracts DeFi (Decentralized Finance) smart contracts are self-executing agreements built on blockchain platforms like Ethereum. They enable the creation of decentralized applications that automate financial transactions without intermediaries. DeFi smart contracts define the rules and conditions for transactions, such as lending, borrowing, or trading, and execute them automatically when the predetermined criteria are ...
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