INNOVATION OF DECENTRALIZED FINANCIAL (DEFI) IN BLOCKCHAIN D ecentralised Finance, or DeFi for short, refers to a set of financial products created on top of open-source, decentralised blockchain. There are no central authorities or financial institutions to assist transactions and financial access, as there are in centralized finance. DeFi Development provides greater financial accessibility by allowing for the creation of a suite of financial products based on permission less (i.e., anybody can participate) blockchain. On the blockchain, financial products and services can be programmed, and participants can connect with one another, bypassing the middlemen of financial institutions that traditionally supplied intermediation. It offers a platform for new innovation and regulatory difficulties in addition to providing alternative access to classic financial goods (borrowing, lending, saving, exchange, insurance, and so on). The blockchain and cryptocurrency a...