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What is Defi and How to Generate Passive Income with DeFi

The inception of blockchain technology and cryptocurrencies have created a whole new financial system through the decentralized finance (DeFi) ecosystem. Today, investors can earn passive income in multiple ways with DeFi, in addition to trading, and the opportunities are only increasing. The total value locked in DeFi projects has increased significantly from 2021, and is presently valued at more than $200 billion as of April 2022. In this article, we review what DeFi is, and how it enables users to earn passive income in multiple ways.

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