DeFi tokens are digital assets that are part of the decentralized finance ecosystem. These tokens operate on blockchain networks and are used to power various DeFi platforms and protocols.
DeFi tokens provide holders with access to a range of financial services, such as lending, borrowing, trading, and yield farming. These tokens have grown in popularity due to the potential for high returns and the ability to participate in the DeFi space without the need for intermediaries.
Investors can earn rewards by providing liquidity to decentralized exchanges, lending their assets to borrowing platforms, or staking their tokens in DeFi protocols. DeFi tokens also often have governance features that allow holders to vote on protocol upgrades and changes.
Overall, DeFi tokens play a key role in the decentralized finance ecosystem, providing users with access to a wide range of financial services and opportunities for earning passive income.
