The financial sector has long been viewed as highly regulated and far from inclusive. Traditional banking services are slow to upgrade and not so easy to get access to due to its centralized nature. The crypto industry has created an alternative to the financial system we know and made it accessible, open, and highly efficient. That’s DeFi or decentralized finances we’re talking about. Let’s figure out what stands behind the buzzword and how the newly created ecosystem helps to solve the issues faced by conventional financial institutions.