CeFi (Centralized Financing) and DeFi (Decentralized Financing) are two different models of financing:

- *CeFi (Centralized Financing):* refers to the traditional financing system controlled by central financial institutions such as banks and exchanges. Transactions and financial services are managed by central intermediaries.

- *DeFi (Decentralized Financing):* refers to the financing system built on blockchain technology and smart contracts. Transactions and financial services are managed by a network of users without the need for central intermediaries.

DeFi offers more transparency, security, and financial freedom, while CeFi provides more stability and regulation.

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