Meaning ● DeFi Protocols, or Decentralized Finance Protocols, present a novel framework for SMBs, enabling automated financial services directly through blockchain technology. These protocols provide opportunities for SMB growth by streamlining access to capital, reducing reliance on traditional financial intermediaries, and automating back-office functions. Implementation involves integrating DeFi tools for tasks such as lending, borrowing, and managing digital assets, offering potential improvements in cash flow management and operational efficiency. The objective is that DeFi protocols promote SMB expansion and scalability through optimized financial processes, where regulatory understanding is paramount for successful integration. Smart contract security requires robust auditing as the integration proceeds.
