No Summary provided as the original text is short
- DeFi (decentralized finance): A blockchain-based financial system that operates without traditional intermediaries, enabling peer-to-peer lending, trading, and other services.
- Ethereum: A blockchain network that supports smart contracts (self-executing blockchain code) and decentralized applications, widely used in DeFi protocols.
- Smart contract: Self-executing code on a blockchain that automatically enforces the terms of an agreement without intermediaries.