What is a Decentralized Finance (DeFi) wallet?

A Decentralized Finance (DeFi) wallet is a secure digital tool that allows users to store, manage, and transact with their cryptocurrencies and digital assets within the DeFi ecosystem. Unlike traditional wallets provided by centralized exchanges, DeFi wallets offer users full control over their funds, utilizing private keys that grant access to the assets on the blockchain. These wallets enable users to engage in various DeFi activities, such as lending, borrowing, and yield farming, while maintaining ownership and security over their assets. Embracing a DeFi wallet empowers individuals with greater financial autonomy and the ability to participate in the decentralized financial revolution.