{"id":24252,"date":"2023-06-07T16:16:41","date_gmt":"2023-06-07T10:46:41","guid":{"rendered":"https:\/\/test-blog.unicreds.com\/blog\/?post_type=web-story&#038;p=24252"},"modified":"2023-06-07T16:16:45","modified_gmt":"2023-06-07T10:46:45","slug":"what-is-decentralized-finance-defi-and-how-does-it-work","status":"publish","type":"web-story","link":"https:\/\/unicreds.com\/blog\/web-stories\/what-is-decentralized-finance-defi-and-how-does-it-work\/","title":{"rendered":"What Is Decentralized Finance (DeFi) and How Does It Work?"},"content":{"rendered":"<p><html amp=\"\" lang=\"en\"><head><meta charSet=\"utf-8\"\/><meta name=\"viewport\" content=\"width=device-width,minimum-scale=1,initial-scale=1\"\/><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0.js\"><\/script><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0\/amp-story-1.0.js\" custom-element=\"amp-story\"><\/script><link 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publisher-logo-src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2022\/02\/10161836\/UniCreds-Logo.png\" title=\"What Is Decentralized Finance (DeFi) and How Does It Work?\" poster-portrait-src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141250\/Untitled-design-95.jpg\"><amp-story-page id=\"eb8b0f16-1f17-4b01-bcb2-c4b74bbfddac\" auto-advance-after=\"7s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-2a03cee8-17eb-451f-9e72-5e643c5cd51c\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-9c9b8f40-ad4d-48c7-b236-4244405a1d11\",\"keyframes\":{\"transform\":[\"scale(0.3333333333333333)\",\"scale(1)\"]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-a7f30044-4fc8-4c6a-9b2e-0e6010e82c51\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141718\/1-10.jpg\" alt=\"What Is Decentralized Finance\" srcSet=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141718\/1-10.jpg 720w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141718\/1-10-576x1024.jpg 576w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141718\/1-10-169x300.jpg 169w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141718\/1-10-150x267.jpg 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:8.49515%;top:29.28803%;width:83.25243%;height:27.02265%;opacity:1\">\n<div id=\"anim-2a03cee8-17eb-451f-9e72-5e643c5cd51c\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-9c9b8f40-ad4d-48c7-b236-4244405a1d11\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.3333333333333333)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5830903790087464% 0.5830903790087464% 0.5830903790087464% 0.5830903790087464% \/ 1.1976047904191618% 1.1976047904191618% 1.1976047904191618% 1.1976047904191618%;background-clip:content-box;background-color:#89bf2d\" id=\"el-011645c0-7fcc-4485-8312-7fcced0c5b2b\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.932944606413994% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.517799em;line-height:1.2;text-align:center;padding:1.1661807580174928% 2.3323615160349855%;color:#000000\"><span><span style=\"font-weight: 700\">What Is Decentralized Finance (DeFi) and How Does It Work?<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"be3ef53c-26d6-4963-9915-e4be50370d58\" auto-advance-after=\"7s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-0ae2ff2f-2f1e-46bb-88d3-35827df8a932\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-f5a8012a-617b-4f22-8aee-99f411e6898c\",\"keyframes\":{\"transform\":[\"scale(0.3333333333333333)\",\"scale(1)\"]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-4d05854b-5ab3-4ecc-a4e7-488bee9d2b8a [data-leaf-element=\\\"true\\\"]\",\"keyframes\":{\"transform\":[\"translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)\",\"translate3d(0%, 0, 0) translate(0%, 0%) scale(1)\"]},\"delay\":0,\"duration\":2000,\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div id=\"anim-4d05854b-5ab3-4ecc-a4e7-488bee9d2b8a\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-7ffa142b-5c83-4621-956a-e0a884189eca\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141828\/2-10.jpg\" alt=\"What Is Decentralized Finance\" srcSet=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141828\/2-10.jpg 720w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141828\/2-10-576x1024.jpg 576w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141828\/2-10-169x300.jpg 169w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141828\/2-10-150x267.jpg 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:9.95146%;top:22.3301%;width:79.61165%;height:42.23301%;opacity:1\">\n<div id=\"anim-0ae2ff2f-2f1e-46bb-88d3-35827df8a932\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-f5a8012a-617b-4f22-8aee-99f411e6898c\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.3333333333333333)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6097560975609756% 0.6097560975609756% 0.6097560975609756% 0.6097560975609756% \/ 0.7662835249042145% 0.7662835249042145% 0.7662835249042145% 0.7662835249042145%;background-clip:content-box;background-color:#89bf2d\" id=\"el-1dbe380d-39f7-49be-bf0e-b7a12cdfc43f\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.7012195121951216% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.372168em;line-height:1.2;text-align:center;padding:1.2195121951219512% 2.4390243902439024%;color:#000000\"><span><span style=\"font-weight: 700\">What IsDecentralized Finance&nbsp;?<\/span><br \/>\nDecentralized Finance, or DeFi, refers to a system of financial applications and services built on decentralized blockchain networks, typically using smart contracts.<\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"1dc047ed-9780-422d-b62c-0703c68594cc\" auto-advance-after=\"7s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-1e382678-31f6-41cd-854d-c36e1187de35 [data-leaf-element=\\\"true\\\"]\",\"keyframes\":{\"transform\":[\"translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)\",\"translate3d(0%, 0, 0) translate(0%, 0%) scale(1)\"]},\"delay\":0,\"duration\":2000,\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-19f4a087-7a84-4b6a-b1a5-4546060e5573\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-6be0c8b8-1fec-4155-9d13-ea89273a32f2\",\"keyframes\":{\"transform\":[\"scale(0.3333333333333333)\",\"scale(1)\"]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div id=\"anim-1e382678-31f6-41cd-854d-c36e1187de35\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-9f20fed1-878a-44f1-a0f2-bc169fab5894\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141846\/3-10.jpg\" alt=\"What Is Decentralized Finance\" srcSet=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141846\/3-10.jpg 720w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141846\/3-10-576x1024.jpg 576w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141846\/3-10-169x300.jpg 169w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141846\/3-10-150x267.jpg 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:8.49515%;top:29.28803%;width:83.25243%;height:20.71197%;opacity:1\">\n<div id=\"anim-19f4a087-7a84-4b6a-b1a5-4546060e5573\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-6be0c8b8-1fec-4155-9d13-ea89273a32f2\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.3333333333333333)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5830903790087464% 0.5830903790087464% 0.5830903790087464% 0.5830903790087464% \/ 1.5625% 1.5625% 1.5625% 1.5625%;background-clip:content-box;background-color:#89bf2d\" id=\"el-630c38f7-ad6e-4e07-b9f1-48ce276661ff\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.932944606413994% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.517799em;line-height:1.2;text-align:center;padding:1.1661807580174928% 2.3323615160349855%;color:#000000\"><span><span style=\"font-weight: 700\">Know How &nbsp;Decentralized Work&nbsp;<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"9889a6d2-47c9-4acb-9314-bec94480fcd3\" auto-advance-after=\"7s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-18409d1b-8e2e-4aee-a385-49601bb5184a [data-leaf-element=\\\"true\\\"]\",\"keyframes\":{\"transform\":[\"translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)\",\"translate3d(0%, 0, 0) translate(0%, 0%) scale(1)\"]},\"delay\":0,\"duration\":2000,\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-animation 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id=\"anim-18409d1b-8e2e-4aee-a385-49601bb5184a\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-8d2e9c47-bb6a-4561-a5ac-72b4ed27fc31\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141907\/4-10.jpg\" alt=\"What Is Decentralized Finance\" srcSet=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141907\/4-10.jpg 720w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141907\/4-10-576x1024.jpg 576w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141907\/4-10-169x300.jpg 169w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141907\/4-10-150x267.jpg 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:8.49515%;top:19.25566%;width:83.25243%;height:34.78964%;opacity:1\">\n<div id=\"anim-034cec0a-debb-4b29-b505-8a690ee46a70\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-353ba1fe-a558-4052-abb9-ed84f3ea7d70\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.3333333333333333)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5830903790087464% 0.5830903790087464% 0.5830903790087464% 0.5830903790087464% \/ 0.9302325581395349% 0.9302325581395349% 0.9302325581395349% 0.9302325581395349%;background-clip:content-box;background-color:#89bf2d\" id=\"el-5c0cfda0-32f0-403b-befd-3d92087cc852\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.8163265306122441% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.453074em;line-height:1.2;text-align:center;padding:1.1661807580174928% 2.3323615160349855%;color:#000000\"><span><span style=\"font-weight: 700\">Decentralized Infrastructure:&nbsp;<\/span><br \/>\nDeFi applications are built on decentralized blockchain platforms, primarily Ethereum.<\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"fa57d4e9-659b-44d9-877d-e6cc85dcb8c4\" auto-advance-after=\"7s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-adcb9110-2d59-42da-bb10-c6c0297b43b2 [data-leaf-element=\\\"true\\\"]\",\"keyframes\":{\"transform\":[\"translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)\",\"translate3d(0%, 0, 0) translate(0%, 0%) scale(1)\"]},\"delay\":0,\"duration\":2000,\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-439839c6-a94b-4f1e-8cf2-e3845f6ce832\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-ab67100f-07d5-4abf-9e71-e423fa9d0cff\",\"keyframes\":{\"transform\":[\"scale(0.3333333333333333)\",\"scale(1)\"]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div id=\"anim-adcb9110-2d59-42da-bb10-c6c0297b43b2\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-edd70468-e19c-4dca-994f-bce3b13d55d4\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141921\/5-10.jpg\" alt=\"What Is Decentralized Finance\" srcSet=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141921\/5-10.jpg 720w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141921\/5-10-576x1024.jpg 576w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141921\/5-10-169x300.jpg 169w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141921\/5-10-150x267.jpg 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:8.73786%;top:17.1521%;width:83.25243%;height:50.80906%;opacity:1\">\n<div id=\"anim-439839c6-a94b-4f1e-8cf2-e3845f6ce832\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-ab67100f-07d5-4abf-9e71-e423fa9d0cff\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.3333333333333333)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5830903790087464% 0.5830903790087464% 0.5830903790087464% 0.5830903790087464% \/ 0.6369426751592357% 0.6369426751592357% 0.6369426751592357% 0.6369426751592357%;background-clip:content-box;background-color:#89bf2d\" id=\"el-0ebd63ee-3b46-4014-8902-d924f65d81d5\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.7288629737609329% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.404531em;line-height:1.2;text-align:center;padding:1.1661807580174928% 2.3323615160349855%;color:#000000\"><span><span style=\"font-weight: 700\">Smart Contracts:&nbsp;<\/span><br \/>\nDeFi applications utilize smart contracts, which are self-executing agreements written in code. These contracts automatically execute predefined actions when specific conditions are met.<\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"64904e72-3772-4b6b-9d35-70db97c9b209\" auto-advance-after=\"7s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-9ed495c9-808b-43e7-afb3-bf701763a727 [data-leaf-element=\\\"true\\\"]\",\"keyframes\":{\"transform\":[\"translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)\",\"translate3d(0%, 0, 0) translate(0%, 0%) scale(1)\"]},\"delay\":0,\"duration\":2000,\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-8755fe34-5d30-4702-9bb2-0cc5921b65b7\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-3c9c5f72-58a8-4a6c-bb64-9dd3bcd74c59\",\"keyframes\":{\"transform\":[\"scale(0.3333333333333333)\",\"scale(1)\"]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div id=\"anim-9ed495c9-808b-43e7-afb3-bf701763a727\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-4f27f50a-7b85-4110-a1b8-72106692f90f\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141954\/6-10.jpg\" alt=\"Decentralized Finance\" srcSet=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141954\/6-10.jpg 720w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141954\/6-10-576x1024.jpg 576w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141954\/6-10-169x300.jpg 169w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07141954\/6-10-150x267.jpg 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:8.49515%;top:25.56634%;width:83.25243%;height:34.78964%;opacity:1\">\n<div id=\"anim-8755fe34-5d30-4702-9bb2-0cc5921b65b7\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-3c9c5f72-58a8-4a6c-bb64-9dd3bcd74c59\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.3333333333333333)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5830903790087464% 0.5830903790087464% 0.5830903790087464% 0.5830903790087464% \/ 0.9302325581395349% 0.9302325581395349% 0.9302325581395349% 0.9302325581395349%;background-clip:content-box;background-color:#89bf2d\" id=\"el-9666e49e-3b19-46ac-a50e-b52e7f602508\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.8163265306122441% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.453074em;line-height:1.2;text-align:center;padding:1.1661807580174928% 2.3323615160349855%;color:#000000\"><span><span style=\"font-weight: 700\">Peer-to-Peer Transactions:<\/span><br \/>\nDeFi allows users to transact directly with one another without intermediaries.<\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"af98cf40-6eff-49a9-ae5d-4a59fc30f61f\" auto-advance-after=\"7s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-ac23c017-5a70-4224-9d83-53de4e069eaf [data-leaf-element=\\\"true\\\"]\",\"keyframes\":{\"transform\":[\"translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)\",\"translate3d(0%, 0, 0) translate(0%, 0%) scale(1)\"]},\"delay\":0,\"duration\":2000,\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-223b5e26-47a6-439c-b472-045b6f0ccc70\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-cddd643f-c875-4ad8-bbaa-83c8b44a9477\",\"keyframes\":{\"transform\":[\"scale(0.3333333333333333)\",\"scale(1)\"]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div id=\"anim-ac23c017-5a70-4224-9d83-53de4e069eaf\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-df3f7e5d-4889-45f6-abcb-5aaf80d14b6f\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07142011\/7-10.jpg\" alt=\"Decentralized Finance\" srcSet=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07142011\/7-10.jpg 720w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07142011\/7-10-576x1024.jpg 576w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07142011\/7-10-169x300.jpg 169w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07142011\/7-10-150x267.jpg 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:8.49515%;top:20.71197%;width:83.25243%;height:45.79288%;opacity:1\">\n<div id=\"anim-223b5e26-47a6-439c-b472-045b6f0ccc70\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-cddd643f-c875-4ad8-bbaa-83c8b44a9477\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.3333333333333333)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5830903790087464% 0.5830903790087464% 0.5830903790087464% 0.5830903790087464% \/ 0.7067137809187279% 0.7067137809187279% 0.7067137809187279% 0.7067137809187279%;background-clip:content-box;background-color:#89bf2d\" id=\"el-11bdd3d0-62d9-45e5-b58c-730bd1826df2\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.8163265306122441% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.453074em;line-height:1.2;text-align:center;padding:1.1661807580174928% 2.3323615160349855%;color:#000000\"><span><span style=\"font-weight: 700\">Lending and Borrowing:<\/span>&nbsp;<br \/>\nDeFi platforms enable users to lend their cryptocurrencies or digital assets and earn interest on their holdings. .<\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"3ff4f42b-46c1-407a-a1dc-042ecb6c58f3\" auto-advance-after=\"7s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-cd17c8eb-23e9-46e7-90ce-68306c708b35 [data-leaf-element=\\\"true\\\"]\",\"keyframes\":{\"transform\":[\"translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)\",\"translate3d(0%, 0, 0) translate(0%, 0%) scale(1)\"]},\"delay\":0,\"duration\":2000,\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-44060e25-861b-4584-b1f5-49b4e022bffa\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-dfb485bf-8b9f-4511-8e21-d65c88af5a63\",\"keyframes\":{\"transform\":[\"scale(0.3333333333333333)\",\"scale(1)\"]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div id=\"anim-cd17c8eb-23e9-46e7-90ce-68306c708b35\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-4a3ea464-9959-45a3-9376-e7e324e033f7\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07142026\/8.jpg\" alt=\"Decentralized Finance\" srcSet=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07142026\/8.jpg 720w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07142026\/8-576x1024.jpg 576w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07142026\/8-169x300.jpg 169w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07142026\/8-150x267.jpg 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:8.49515%;top:24.75728%;width:83.25243%;height:36.08414%;opacity:1\">\n<div id=\"anim-44060e25-861b-4584-b1f5-49b4e022bffa\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-dfb485bf-8b9f-4511-8e21-d65c88af5a63\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.3333333333333333)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5830903790087464% 0.5830903790087464% 0.5830903790087464% 0.5830903790087464% \/ 0.8968609865470852% 0.8968609865470852% 0.8968609865470852% 0.8968609865470852%;background-clip:content-box;background-color:#89bf2d\" id=\"el-003cc972-4def-45a6-a18c-3a315c1003c7\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.7288629737609329% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.404531em;line-height:1.2;text-align:center;padding:1.1661807580174928% 2.3323615160349855%;color:#000000\"><span><span style=\"font-weight: 700\">Decentralized Exchanges (DEXs):&nbsp;<\/span><br \/>\nDeFi introduced decentralized exchanges that allow users to trade cryptocurrencies directly with one another.<\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"1691fd8b-e7d5-4d9d-b0e6-aa58b3c149a1\" auto-advance-after=\"7s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-38dcadcf-6fe2-4b88-baa9-329785f66744 [data-leaf-element=\\\"true\\\"]\",\"keyframes\":{\"transform\":[\"translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)\",\"translate3d(0%, 0, 0) translate(0%, 0%) scale(1)\"]},\"delay\":0,\"duration\":2000,\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-fc6890ac-3256-49d4-a70f-f4d3fb909996\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-2c53b916-86cb-4a89-9c1c-b0b2f12e5ab1\",\"keyframes\":{\"transform\":[\"scale(0.3333333333333333)\",\"scale(1)\"]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div id=\"anim-38dcadcf-6fe2-4b88-baa9-329785f66744\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-bf7d843c-a05a-4991-b837-636ffc70e27f\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07142053\/9.jpg\" alt=\"Decentralized Finance\" srcSet=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07142053\/9.jpg 720w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07142053\/9-576x1024.jpg 576w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07142053\/9-169x300.jpg 169w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07142053\/9-150x267.jpg 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:8.49515%;top:29.12621%;width:83.25243%;height:36.08414%;opacity:1\">\n<div id=\"anim-fc6890ac-3256-49d4-a70f-f4d3fb909996\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-2c53b916-86cb-4a89-9c1c-b0b2f12e5ab1\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.3333333333333333)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5830903790087464% 0.5830903790087464% 0.5830903790087464% 0.5830903790087464% \/ 0.8968609865470852% 0.8968609865470852% 0.8968609865470852% 0.8968609865470852%;background-clip:content-box;background-color:#89bf2d\" id=\"el-46b5a9f9-0393-45e3-a03b-072f66fac55e\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.7288629737609329% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.404531em;line-height:1.2;text-align:center;padding:1.1661807580174928% 2.3323615160349855%;color:#000000\"><span><span style=\"font-weight: 700\">Yield Farming and Staking:&nbsp;<\/span><br \/>\nDeFi platforms offer opportunities for users to earn additional rewards by participating in yield farming and staking.<\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"a517de5c-276c-44ea-ba7b-eb2f53f65f55\" auto-advance-after=\"7s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-9be28c08-bb2c-4df5-808c-8ee054a07b1d [data-leaf-element=\\\"true\\\"]\",\"keyframes\":{\"transform\":[\"translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)\",\"translate3d(0%, 0, 0) translate(0%, 0%) scale(1)\"]},\"delay\":0,\"duration\":2000,\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-f2ccf591-f248-48d4-acbc-13a01e67b2a3\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-aae0de8b-3356-498e-998e-4a2771814579\",\"keyframes\":{\"transform\":[\"scale(0.3333333333333333)\",\"scale(1)\"]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div id=\"anim-9be28c08-bb2c-4df5-808c-8ee054a07b1d\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-be76b2a6-1aec-4b1c-ad85-ae7acf4ddcdb\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07142111\/10.jpg\" alt=\"Decentralized Finance\" srcSet=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07142111\/10.jpg 720w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07142111\/10-576x1024.jpg 576w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07142111\/10-169x300.jpg 169w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07142111\/10-150x267.jpg 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:11.40777%;top:23.78641%;width:83.25243%;height:36.08414%;opacity:1\">\n<div id=\"anim-f2ccf591-f248-48d4-acbc-13a01e67b2a3\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-aae0de8b-3356-498e-998e-4a2771814579\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.3333333333333333)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5830903790087464% 0.5830903790087464% 0.5830903790087464% 0.5830903790087464% \/ 0.8968609865470852% 0.8968609865470852% 0.8968609865470852% 0.8968609865470852%;background-clip:content-box;background-color:#89bf2d\" id=\"el-2acd9046-0f59-4166-aa9a-2f7342e96821\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.7288629737609329% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.404531em;line-height:1.2;text-align:center;padding:1.1661807580174928% 2.3323615160349855%;color:#000000\"><span><span style=\"font-weight: 700\">Governance and Decision-making:&nbsp;<\/span><br \/>\nMany DeFi protocols are governed by decentralized autonomous organizations (DAOs).<\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"400be57c-e2a9-4598-8080-6df7a3ffd04f\" auto-advance-after=\"7s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-819295df-8cb9-40ad-bc4a-84118955692e [data-leaf-element=\\\"true\\\"]\",\"keyframes\":{\"transform\":[\"translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)\",\"translate3d(0%, 0, 0) translate(0%, 0%) scale(1)\"]},\"delay\":0,\"duration\":2000,\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-5af953d1-9e80-41cc-8fe9-906b016cd036\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-8aa06d5d-9c0a-4af4-8b33-2a39dd179482\",\"keyframes\":{\"transform\":[\"scale(0.3333333333333333)\",\"scale(1)\"]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div id=\"anim-819295df-8cb9-40ad-bc4a-84118955692e\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-f4c54764-0df5-438a-bfd5-63ae8eda56c1\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07142130\/11.jpg\" alt=\"Decentralized Finance\" srcSet=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07142130\/11.jpg 720w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07142130\/11-576x1024.jpg 576w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07142130\/11-169x300.jpg 169w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/06\/07142130\/11-150x267.jpg 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:8.49515%;top:29.28803%;width:83.25243%;height:20.71197%;opacity:1\">\n<div id=\"anim-5af953d1-9e80-41cc-8fe9-906b016cd036\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-8aa06d5d-9c0a-4af4-8b33-2a39dd179482\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.3333333333333333)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5830903790087464% 0.5830903790087464% 0.5830903790087464% 0.5830903790087464% \/ 1.5625% 1.5625% 1.5625% 1.5625%;background-clip:content-box;background-color:#89bf2d\" id=\"el-cae27125-6e50-443d-979b-76cc8e18185e\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.932944606413994% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.517799em;line-height:1.2;text-align:center;padding:1.1661807580174928% 2.3323615160349855%;color:#000000\"><span><span style=\"font-weight: 700\">Know About Abroad Education Loan<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-page-outlink layout=\"nodisplay\" cta-image=\"https:\/\/di2vt7hcm6vs0.cloudfront.net\/site-static\/header\/UniCreds.jpg\"><a href=\"https:\/\/unicreds.com\/abroad-education-loan\" rel=\"\">Click Here<\/a><\/amp-story-page-outlink><\/amp-story-page><\/amp-story><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What Is Decentralized Finance (DeFi) and How Does It Work?<\/p>\n","protected":false},"author":103,"featured_media":24253,"template":"","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","web_stories_publisher_logo":12573,"web_stories_poster":[],"web_stories_products":[],"footnotes":""},"web_story_category":[],"web_story_tag":[],"class_list":["post-24252","web-story","type-web-story","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Is Decentralized Finance (DeFi) and How Does It Work? - UniCreds Blog<\/title>\n<meta name=\"description\" content=\"What Is Decentralized Finance (DeFi) and How Does It Work?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/unicreds.com\/blog\/web-stories\/what-is-decentralized-finance-defi-and-how-does-it-work\/\" \/>\n<meta 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