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Decentralized Finance is an alternative to traditional centralized finance. Built using blockchain technology, DeFi platforms offer financial services such as staking, lending, borrowing, investment, and trading through trustless protocols. The value of assets locked up in DeFi markets has seen an exponential growth lately. At the time of writing this article (2nd Sept, 2020), this amount has grown almost 10 times, and now stands at a staggering $9.1 billion. New blockchain projects are joining the DeFi bandwagon, introducing innovative solutions to problems faced by cryptocurrency enthusiasts.