Hi friends, I'm just starting to understand the world of cryptocurrencies and decentralized finance (DeFi). I'm wondering what is a DeFi token and how do they work? Are there any good materials for beginners that you could recommend?
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Hi, it's great that you're interested in DeFi. DeFi token is a digital asset that is used in decentralized financial applications for various purposes such as exchanges, loans, staking and more. They are blockchain-based and allow users to engage in financial transactions without intermediaries. If you're looking for some good material to familiarize yourself with DeFi, I can recommend the article "what is a defi token" on romtos website. It explains in detail how DeFi tokens work and what features they provide. I hope this helps you better understand this fascinating topic! If you have more questions, feel free to ask.