CMCGlossary: Composable DeFi ✨ Composable DeFi refers to the interoperability between different DeFi protocols. 👉 Details:
DeFi dApps and protocols also referred to as “Money Legos,” are open-source, which allows them to communicate with each other. This open-source nature of DeFi also enables these dApps and protocols to leverage each other’s code and utility, facilitating a synergistic effect., anyone can build dApps and integrate any element from any existing protocol on the Ethereum chain by paying the gas fee for transactions.
This is possible due to the composability feature embedded in smart contracts. Composability enables developers to carry complex strategies like borrowing tokens from one platform, converting them into another ERC-20 token on another platform, using the converted token to swap it with another ERC-20 token, and so forth.“All DeFi dApps and protocols are Money Legos, because everything lives on an open global platform, without barriers, which means that you can pick whichever Lego piece you want, combine it with another piece, and build your own masterpiece. There is no limit to what you can create.
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