Hello friends, I've just started getting interested in the world of cryptocurrencies and DeFi and I have a question. What are DeFi tokens and how do they work? Can someone share information or recommend an article for beginners?
Hi. A DeFi token is a token that is used in decentralized financial applications (DeFi) on the blockchain. They are usually assets or cryptocurrency that are used in decentralized financial transactions such as lending, exchanges, etc. To understand this better, I would recommend reading the article "what is defi token" at https://romtos.com/articles/what-is-defi . It provides a great overview of DeFi tokens and how they function. I hope it helps you understand it!
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