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Decentralized finance (DeFi) is when applications are deployed via blockchain networks to make financial assets available to the avergae person without the need for middlemen such as financial brokers. According to DefiLlama, the total TVL of the DeFi industry is currently over $55 billion. DeFi is often used to refer to a system that uses stringent software to link buyers, sellers, lenders, and borrowers with peers or an intermediary. The development of decentralized financial systems is still in its early stages.