Top 7 DeFi Protocols Every Blockchain Startup Must Know
3 In the dynamic landscape of blockchain technology , a revolutionary concept has emerged that is reshaping the way we think about finance: Decentralized Finance, or DeFi. This revolutionary movement is democratizing access to financial services and products, erasing geographical boundaries, and fostering innovation at an unprecedented pace. For any aspiring blockchain startup, understanding the ins and outs of DeFi protocols is not just essential – it's a game-changer. What is DeFi and Why is it Important for Blockchain Startups? DeFi, short for Decentralized Finance, is a transformative movement that leverages blockchain technology to create an open, permissionless, and borderless financial ecosystem. Unlike traditional financial systems that rely heavily on intermediaries such as banks and financial institutions, DeFi protocols are built on blockchain networks like Ethereum , allowing for direct peer-to-peer interactions without the need for intermediaries. The Importance