In recent years, Decentralized Finance—or DeFi—has emerged as one of the most innovative and disruptive sectors within the cryptocurrency and blockchain space. By leveraging blockchain technology, DeFi applications aim to recreate and improve upon traditional financial systems like lending, borrowing, trading, and saving—all without the need for intermediaries such as banks or brokers. In this post, we’ll explore the inner workings of DeFi, discuss its benefits and challenges, and speculate on what the future holds for decentralized finance. What is DeFi? DeFi stands for “decentralized finance.” It refers to a suite of financial services built atop blockchain networks, most com ...