No Summary provided as the original text is short
- DeFi (decentralized finance): A blockchain-based financial system that operates without traditional intermediaries, using smart contracts to enable services like lending and trading.
- Ethereum: A blockchain platform that supports decentralized applications and smart contracts, enabling a wide range of use cases beyond cryptocurrency.
- Smart contract (self-executing blockchain code): A program stored on a blockchain that automatically executes actions when predefined conditions are met.