# 🗝️ | Technicals

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The traditional financial system has always been centralized, with banks and other financial institutions controlling the flow of money. Decentralized finance, or DeFi, aims to change this by providing a transparent, permissionless, and trustless financial system that operates on the blockchain. Galahad Finance is at the forefront of this movement, offering a platform that is built on the principles of decentralization and community ownership.


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