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Glossary

What is Decentralized Finance (DeFi)?

Decentralized Finance (DeFi) is a financial system built on blockchain technology that operates without traditional intermediaries.

What services does DeFi include?

DeFi includes services like lending, borrowing, and trading on decentralized platforms.

How does DeFi change the way financial services work?

DeFi allows you to use financial services without needing banks or traditional financial institutions. You can lend, borrow, and trade directly with others, making financial transactions more accessible and efficient.

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Related terms (by category)

Data Analytics

Techniques and processes used by Damex to improve their services and user experience by analyzing data.

DLT (Distributed Ledger Technology)

A digital system for recording the transaction of assets in which the transactions and their details are recorded in multiple places at the same time.

Digital Assets

Financial assets in digital form, including cryptocurrencies, stablecoins, and tokens.

Damex Token ($Damex)

The native cryptocurrency token used within the Damex ecosystem. It is utilized for various transactions, staking, and earning rewards.

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