> For the complete documentation index, see [llms.txt](https://nyx-shadow.gitbook.io/nyx-shadow-whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://nyx-shadow.gitbook.io/nyx-shadow-whitepaper/core-concepts-for-defi-services.md).

# Core Concepts for DeFi Services

In the realm of decentralized finance (DeFi), understanding the core concepts is essential for navigating this innovative landscape. DeFi services represent a paradigm shift in traditional finance, offering users the opportunity to access financial services without the need for intermediaries like banks or brokers. At NYX Shadow, we're committed to simplifying these complex concepts, empowering users to harness the full potential of DeFi.