The decentralized finance (DeFi) industry has been seeing extraordinary development over the past several years. As per a report, there has been a 610% increase in the user base of decentralized lending applications since 2018. DeFi has grown this fast and become so significant because each dollar contributed to a DeFi platform is a dollar someone decided not to deposit at a bank or invest with a traditional asset manager. This is because the risk-adjusted benefits of DeFi investment seem more appealing and favorable for such people as compared to traditional banking or investment services. Users can access the market for DeFi trading from almost any place and at any time and get their preferred products with just a few key clicks.
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