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A multi-sig, short for multi-signature, wallet refers to an account that needs more than one signature to control the assets.
The traditional finance model that we are familiar with is build on centralised authorities (such as banks) to process transactions and act as intermediaries. With DeFi, there are no middlemen. It's finance for the people, by the people.
DeFi offers attractive, high yield opportunties for investors, along with a number of risks that need to be considered.