Too Long; Didn't Read
Decentralized finance (DeFi) enables consumers to carry out financial transactions directly without the involvement of middlemen. Operationally, this is made feasible via blockchain, a unique type of shared, unchangeable database upon which cryptocurrencies were founded. DeFi is a new ecosystem that claims to provide transparency and control, partly attributed to the underlying blockchain's integrity protection and current financial asset yields greater than CeFi. According to Debank, DeFi has a net worth of over $60.5 billion.