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Long gone are the days when centralized institutions such as banks were the yardstick for the entire economic system. Today, the world is full of opportunities, experiments, reformations, and evolution. Hence, a revolution in the financial ecosystem became necessary, giving rise to DeFi or Decentralized Finance.
Similar to cryptocurrencies, DeFi is an emerging and innovative financial technology integrated with secure distributed ledgers. In simple words, DeFi is an alternative to the traditional finance payment ecosystem. It offers investors/traders various financial instruments using smart contracts and blockchain without any interference from intermediaries, such as banks, loans, brokerage, etc.
Since many users are new in the space, the concept of DeFi becomes very overwhelming and constantly tracking various investments seems non-viable. To avoid such complications, various DeFi tools are used to help users streamline their research and investments.
Today, we will take you through 8 different DeFi tools for an effortless yet efficient DeFi experience –
Metamask is one of the most trusted DeFi tools in the decentralized ecosystem. Although Metamask is known for serving as a crypto-wallet, the browser extension makes it stand out from the rest. The wallet works with multiple web browsers, including Chrome, Brave, Microsoft Edge, and Firefox.
Metamask enables users to engage with the entire Ethereum ecosystem and its various decentralized application (DApps). Additionally, it supports the Ethereum blockchain and ERC-721 token (used
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