Overview and Origin DeFi is an abbreviation for decentralized finance. Given that centralization is in the name and specifically its un-affiliation with centralization suggests that there is a significant difference between a centralized and de-centralized exchange. A centralized exchange operates in a similar way to a bank. Tokens or funds are deposited, and the exchange serves as the custodian of these funds. The funds are in the hands of the exchange, and it is up to the exchange to safegu...