Things have been changing rapidly in the crypto space and DeFi happens to be an ongoing trend and it's quite an interesting space to be. DeFi is the short form for decentralized finance and it was designed as a financial system that is accessible to everyone and reduces the need to hope and count on a central authority like banks and brokerages. It is dependent on no single entity and utilizes smart contracts on Blockchain (a public database where thousands of computers all over the world verifies transactions). Now, I know you are wondering what exactly are smart contracts? Smart contracts are simply self executing codes stored on the blockchain. For example, let's say you want to send money to a friend tomorrow, only if the temperature gets to 30°C, such orders can be put down in a smart contract. Let's continue… Decentralized finance stores all transactions on the blockchain and this reduces the risk of hackers focusing on banks to steal your funds. Below are the follo
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