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Decentralized Finance (DeFi) is an innovative financial ecosystem built on blockchain technology, to transform traditional financial services by eliminating intermediaries and fostering a trustless and open environment. In the DeFi model, financial transactions, lending, borrowing, and trading take place through decentralized protocols and smart contracts on blockchain platforms like Ethereum. This enables users to access a wide range of financial services, including yield farming, liquidity provision, and decentralized exchanges, without relying on traditional banks or financial institutions. DeFi promotes financial inclusion, transparency, and accessibility by offering a global and permissionless framework where users have direct control over their assets. However,…
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