WHAT IS A DEFI PLATFORM
DeFi stands for “Decentralized Finance”, the open, blockchain-based alternative to traditional financial services.
At its core, a DeFi platform is a platform that lets users swap cryptocurrencies, do yield farming, and more, without any central authority involved. It’s the opposite of centralized exchanges (CEX) like Binance or Coinbase.
Some of the most prominent DeFi platforms on Solana include Orca, Raydium, and Marinade Finance.
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