Decentralized Finance, or DeFi for short, is a system for making financial products available that is based on an open-source decentralized blockchain network. This enables them to be utilized by anybody, without the requirement for a middleman like a bank or a brokerage firm. Technology's application in financial services is not a new concept. Nowadays, technology is required for the bulk of transactions at banks and other financial services organizations. However, by adopting decentralized financial technology, individuals and businesses can alter the way they trade, lend, buy, request, and invest in digital assets without the need for government oversight on your transactions behaviour.