Decentralized finance

Hey there kiddo, have you ever heard of banking? It's when you put your money in a place like a bank so that it's safe and you can use it later. Decentralized finance, or DeFi for short, is kind of like banking but without one big powerful bank in charge.

Instead, it's like a bunch of little computers or "nodes" that work together to make sure everything is fair and secure. Think of it like a big, digital piggy bank that lots of people can put their money and other things they own in. Because there's not just one big bank in charge, people can feel more in control of their money and how it's used.

With DeFi, people can do things like borrow money or buy and sell things without having to go through traditional banks. It's kind of like a big club or community where everyone can participate and make decisions together. Pretty cool, huh?