Decentralised finance (DeFi) is an enhanced emerging financial technology where users are in custody of their assets instead of a central governing authority

(CEFI-Centralised finance).

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DeFi also eliminates unwanted fees with intermediaries such as exchanges, banks, and other financial companies for using their services by providing a peer to peer transactional service. Individuals custody their assets in a secure digital wallet, able to connect and utilise value connecting to decentralised applications.