Decentralized finance or DeFi is a rapidly growing financial sector powered by blockchain. This technology allows for worldwide access to products and services, eliminating third parties and providing an open financial system for the internet age. All processes like trading, lending, borrowing etc. are automated by smart contracts here. Whereas the permissionless nature of DeFi is instrumental in fostering rapid growth, it exposes investors to elevated risks. Maximum DeFi protocols are open s...