Decentralized finance (commonly referred to as DeFi) is a blockchain-based form of finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks to offer traditional financial instruments
CeFi (Centralized Finance) has been around since the time Bitcoin first emerged. However, a new trend has come into view in the form of DeFi (Decentralized Finance), which has garnered a lot of attention over the last year.