Decentralized Finance (DeFi) and Web3 represent a new era of digital interaction. DeFi platforms let users trade, lend, borrow, and earn interest without intermediaries. Web3 expands on this by creating a decentralized internet powered by blockchain.
Key DeFi Tools and Concepts:
- Decentralized Exchanges (DEXs): Trade tokens directly from your wallet using platforms like Uniswap or PancakeSwap.
- Yield Farming and Liquidity Mining: Earn rewards by providing liquidity to DeFi platforms.
- Staking: Lock up your tokens to support network operations and earn passive income.
- DAOs: Decentralized Autonomous Organizations allow token holders to vote on project decisions.
Web3 focuses on user sovereignty, privacy, and decentralization. With tools like wallets, dApps, and identity layers, users regain control over their data and digital assets.