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DeFi is a Decentralized finance system combining crypto assets, smart-contracts, and protocols. DeFi aims to eliminate intermediaries such as regulators that burden the system and make processes more complicated. New markets set modern needs and requirements that cannot be fulfilled with traditional financial systems. It is certain now that DeFi will conquer a significant place under the crypto sun because it truly meets market needs and demand. Approximately 688 million USD in ETH and BTC are locked in DeFi projects.