What is DeFi 2.0, and why does it matter?

DeFi is a familiar term in the crypto world, and it summarises the whole concept of the same. DeFi (Decentralised Finance) is a protocol, and it differs from traditional financial services in the fact that DeFi does not require any intermediaries to carry out a transaction. The blockchain technology in DeFi cuts out banks and other intermediaries, including brokers, stock exchanges, and such.

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