Characteristics of DeFi

1
What are the characteristics of DeFi
2
Feature of DeFi

• Non-manipulating - It is ensured that they cannot
  be abused or manipulated in favour of one of the
  parties by being connected into a blockchain. The
  smart contract can only be removed if the
  function is activated after it has been published
  on the blockchain.

3
Feature of DeFi

• No third parties - Its operation doesn't need
  dependable outside parties to confirm what is
  taking place. The blockchain itself, especially
  the validators and mining nodes, verifies the
  transaction.
• Security - A blockchain's consensus procedures
  and encryption give another layer of protection.
  The risk of tampering is eliminated since each
  node maintains a copy of the smart contracts
  (just as they do with the blockchain).

4
Feature of DeFi

• Accessible - Being reachable from any location in
  the world is one of DeFi Development's qualities.
  This enables access to a more adaptable and
  flexible economic system for those who are not
  permitted or unable to use conventional financial
  systems.
• Transparency - Due to the fact that DeFi
  transactions are based on blockchain technology,
  they are all easily auditable. All of the motions
  are visible.

5
Feature of DeFi

• Decentralization - Because they are kept on the
  blockchain, their operation is decentralised and
  not constrained by national or regional laws.
  Once deployed, they operate automatically and
  autonomously.
• Open Source - Since DeFi Token Development is
  built on open source, anybody may study it and
  confirm that there are no security flaws. You may
  also download, use, and alter this code for use
  in other apps.