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  Decentralized finance (DeFi) refers to financial services that are built on top of decentralized, open-source blockchain technology like Ethereum. DeFi applications aim to provide financial services that are transparent, accessible, and secure, without intermediaries like banks or other financial institutions. DeFi has been growing rapidly in recent years, as more and more people are turning to cryptocurrencies and blockchain technology to take control of their finances and avoid the traditional financial system. DeFi applications range from simple tools like decentralized exchanges (DEXs) and lending platforms to more complex applications like synthetic assets and stablecoins. One of the  key benefits of DeFi  is the removal of intermediaries, which can result in lower fees, faster transaction times, and increased security. This is because DeFi applications are built on the blockchain, which is a decentralized ledger that records all transactions and is maintained by a network of no