How does DeFi work?
Through smart contracts.
Smart contracts are computer programs that automatically execute the terms of an agreement––a loan, a trade, a purchase, and other transactions––when certain conditions are met––without the approval of a third party.
DeFi 是如何运作的？
通过智能合约。
智能合约是计算机程序，当满足某些条件时，无需第三方批准，自动执行协议条款——贷款、交易、购买和其他交易。