Decentralized finance, or DeFi, has brought about a paradigm shift in the world of finance by offering an ecosystem of financial applications built on blockchain technology. By leveraging decentralized networks, smart contracts, and cryptocurrencies, DeFi has transformed traditional financial services, making them more accessible, transparent, and secure. These innovations have enabled a range of services, such as lending, borrowing, asset management, and insurance, to be provided without the need for intermediaries like banks or financial institutions.