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What role do smart contracts play in decentralized finance (DeFi)?

✅ The verified answer to this question is available below. Our community-reviewed solutions help you understand the material better.

What

role do smart contracts play in decentralized finance (DeFi)?

They

automate transactions without requiring intermediaries

0%

They

act as a legal substitute for traditional bank agreements

0%

They

increase the cost of blockchain transactions

0%

They

allow for centralized control over decentralized networks

0%

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