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Decentralized Finance (or Defi), is reshaping the global financial system with an open, transparent and accessible, substitute for the traditional banking system. Using the blockchain technology, DEFI, allowing users to lend, borrow, swap and earn interest on digital assets without banking or financial institution intermediaries. As the Defi is expanding, it is transforming the financial services by making it more effective, reducing the cost and providing financial inclusion to millions of people worldwide. Not just…

Decentralized finance, or DeFi, will replace the current financial system in the future. Through DeFi, we become familiar with digital currencies. Decentralization is one of the distinctive features that sets apart traditional financial markets. By “decentralized,” we mean the control and decision-making regarding money (in the entire financial system) of a country by specific authorities and central banks (certain individuals and groups). In other words, financial flows of a country are centrally controlled by government…