What is DeFi Token and how does it work?

submitted 3 years ago by defidevelopmentservices to cryptocurrency

DeFi Tokens are typically thought of as Ethereum tokens, and they have the most significant market capitalization. DeFi tokens enables traders and users to access financial services in a newly developed DeFi application. DeFi tokens can improve major DeFi features such as borrowing, lending, investing, staking, trading, and risk management.

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