> For the complete documentation index, see [llms.txt](https://defed.gitbook.io/defed_docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://defed.gitbook.io/defed_docs/intro/intro.md).

# Intro

DEFED creates a super account system for users and divides the entire account into asset storage mediums and interaction tools. The DEFE token is both a governance token and a utility token. Users can enjoy these benefits by locking DEFE for a period of time and exchanging it for veDEFE. 

DEFED is the next generation payment Infrastructures based on Ethereum network. DEFE is the governance token in DEFEDAO. Everyone can participate in DEFE reward event and share protocol income by staking DEFE.<br>

## Three Advantages

**One stop login to dapps**&#x20;

Own a decentralized account and get involved in Web3.0 universe . All you need is a networkable device.

**Pay like tweeting friends**&#x20;

Transfer DEFED balance to each other instantly when messaging to your friends online.

**Your money never sleep**&#x20;

Earn interest safely and you can use balance as normal, with no additional operations or costs.<br>

## Four Use Cases

**Deposit**&#x20;

Deposit your money and earn a steady stream of interest.

**Borrow**&#x20;

Borrow the money you want, in a highly capital-efficient way.

**Pay**&#x20;

Transfer money quickly using savings or credit.

**Web3 Message**&#x20;

Message encrypted to your friends on the blockchain.