Lately have been trying to get the full details explanation on Defi but I don't seem to get a suitable one .
I need to know It's importance and how it works not in term of the token.
Also , what does the token has to do with it or is it unrelated at all??
This is a generic message or lets call it request; and with this approach you would not be able to understand what defi is.
In a broader general sense; defi means decentralized finance.
- if you relate it to a token; it indicates freedom for everyone either young, or old or middle age to be able to mint/create a token. Thats decentralization
- if you relate it to what a token has to do; then defi says that, everyone has the freedom, choice and the opportunity to freely issue a token and peg an utility to the token contract.
Either token creation, token contract utility, token launch, token sales, and even trading of tokens; they are all related to defi. So if you specify even further more what you want to know about in DEFI; You will get more help and explanations definitely.
Ball is in your court.