What are DeFi tokens?

What Are DeFi Tokens?

DeFi tokens are cryptocurrencies used in decentralized finance protocols: for governance, fee sharing, or as incentives. Examples include tokens of lending or swap protocols. They can offer high yields but come with smart contract and market risk. Only invest what you understand and can afford to lose. In India, gains from DeFi tokens are taxable at 30% when you sell or swap.