If you can imagine sending money, making a payment, , brokerage, or other official intermediary, then you’ve grasped the essence of decentralized finance. Decentralized finance—or DeFi for short—is an emerging digital ecosystem that allows people to send, purchase, and exchange financial assets without relying on banks, brokerages, or exchanges. DeFi sidesteps the traditional pathways to making financial transactions. DeFi’s emergence may be quite significant. It doesn’t merely point to a new...