DeFi development involves the creation of financial applications on existing blockchain networks. It maintains a high level of transparency and ensures fast processing of transactions without the presence of any intermediaries in the system.
It offers various services like loans, yield farming, crypto staking, asset management, insurance, margin trading, and decentralized exchange of assets. The lack of adequate access and the absence of blockchain awareness are roadblocks to the growth of decentralized finance platforms. Read more at:
https://coinratecap.com/blogDetail/the-trends-in-decentralized-finance-solutions-%28defi%29-to-look-forward-in-2021
