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"DeFi" stands for Decentralized Finance, and it refers to a set of financial services and applications built on blockchain technology. DeFi aims to recreate traditional financial systems, such as banking, lending, and trading, in a decentralized manner, removing the need for intermediaries like banks and other financial institutions. The primary platform for most DeFi projects is the Ethereum blockchain, although other blockchains are also being used for similar purposes.
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