1.0 INTRODUCTION: Decentralized finance, or DeFi, is an umbrella term that encapsulates a variety of protocols and applications that allow users to borrow, lend, trade, and invest their money without the need for a third party. In short, DeFi is not controlled by a central authority like the central bank (centralized organization) as in the case of Traditional Finance. As the world rapidly shifts to a digital economy, it's important that our financial systems keep pace. The centralized f...