1. How do decentralized finance (DeFi) platforms utilize smart contracts and decentralized autonomous organizations (DAOs) to create novel financial instruments and protocols, enabling peer-to-peer lending, automated market making, and algorithmic trading without reliance on traditional intermediaries or centralized authorities?

Answer rating: 100% (QA)

Decentralized finance DeFi platforms leverage smart contracts and decentralized autonomous organizations DAOs to revolutionize traditional financial s... View the full answer