Code

The underlying software instructions that define how smart contracts and blockchain protocols operate. In DeFi, a smart contract’s code is typically open-source, allowing anyone to view, modify, or distribute it without obligations to those who developed it. Once deployed on a blockchain, a smart contract’s code becomes immutable. A smart contract’s code executes upon a user’s instructions and  according to its programmed logic, with all operations verified by the blockchain network rather than requiring trust in third parties.