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How do decentralized finance (DeFi) platforms utilize smart contracts and decentralized autonomous organizations (DAOs) to create novel financial instruments and protocols, enabling peer-to-peer lending, automated

  1. How do decentralized finance (DeFi) platforms utilize smart contracts and decentralized autonomous organizations (DAOs) to create novel financial instruments and protocols, enabling peer-to-peer lending, automated market making, and algorithmic trading without reliance on traditional intermediaries or centralized authorities?

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