DeFi use cases encompass a wide range of decentralized applications that challenge traditional financial systems. These include lending, borrowing, trading, and earning rewards through staking or yield farming. DeFi platforms also offer synthetic assets, decentralized exchanges (DEXs), and insurance services, all powered by blockchain and smart contracts. Other use cases include decentralized stablecoins, which maintain price stability, and automated market makers (AMMs) that facilitate liquidity provision. The primary goal is to provide financial services without intermediaries, increasing accessibility, transparency, and control for users.
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