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Decentralized finance has apparently solved the limitations known with Centralized finance. DeFi became the financial revolution of this current age by raising the bar of seamless financial transactions against what is known in the traditional financial ecosystem. With DeFi being deep-rooted in the public blockchain, its massive adoption has led to a market value and TVL of approximately $200 billion. In order to expand the tentacles of DeFi and allow institutions to be part of it, DeFi enthusiasts and investors are envisaging a permissioned DeFi.