DeFi is an abbreviation of the term Decentralized Finance which leverages decentralized networks to reshape the financial applications into permissionless & transparent self-executing protocols without the governance of intermediaries. Generally, DeFi is an open finance movement that aims to create a financial system that is open to everyone globally and evades the need to depend on central authorities. Technologies like cryptocurrency, smart contracts, and blockchain paved the way for the emergence of this disrupting financial solution - DeFi (Decentralized Finance).