Introduction
With the global DeFi (Decentralized Finance) landscape expanding, Southeast Asia, particularly Vietnam, is emerging as a vibrant market. According to recent reports, the Vietnamese cryptocurrency user growth rate has soared by 150% in the last year, indicating a burgeoning interest in blockchain technologies and financial innovation. However, this rapid growth brings with it a host of challenges and opportunities that investors need to navigate.
Understanding DeFi Protocols in Vietnam
DeFi protocols are essentially smart contracts that replicate traditional financial services, such as lending, borrowing, and trading, on the blockchain. In Vietnam, several local projects have emerged, aiming to harness the potential of DeFi. For Vietnamese speakers, the term
