Decentralized Finance Using Blockchain: A Comprehensive Deep Dive

Decentralized Finance (DeFi) has emerged as a groundbreaking paradigm shift in the financial industry, leveraging blockchain technology to create an open, transparent, and permissionless financial ecosystem. Unlike traditional finance, which relies on centralized institutions such as banks and brokers, DeFi operates on decentralized networks, offering a wide array of financial services ranging from lending and borrowing to trading and insurance without intermediaries.