What are the key features of fungible tokens in decentralized finance (DeFi)?

1 answers

• Mar 06, 2022 · 3 years ago
  Fungible tokens in decentralized finance (DeFi) are the backbone of liquidity and seamless transactions. They are like the Lego blocks of the digital world, easily interchangeable and divisible. Fungible tokens represent units of value within DeFi protocols and applications, enabling users to engage in various financial activities. Unlike non-fungible tokens (NFTs), which are unique and indivisible, fungible tokens can be divided into smaller units and traded on decentralized exchanges. This divisibility and interchangeability make fungible tokens highly liquid and suitable for everyday transactions in the DeFi ecosystem.
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