DECENTRALIZED FINANCE (DEFI)
Decentralized finance (DeFi) is an emerging financial technology that challenges the traditional financial system by using blockchain technology for financial transactions without intermediaries.
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A Decentralized Autonomous Organization (DAO) is an organization governed by code rather than by traditional management structures. In trading, DAOs use smart contracts to enable collective decision-making among stakeholders, without the need for intermediaries. Traders and investors participate in DAOs by holding tokens that grant voting rights on proposals, such as governance changes or investment decisions. DAOs are crucial to decentralized finance (DeFi) and offer a transparent and community-driven approach to financial management.