For the past few months, one domain that is of Decentralized Finance (DeFi) is very hot in the cryptocurrency space, and all eyes are focused towards the development of a DeFi product that can decentralize the digital economic system is its true sense. Decentralized Finance, in its simple sense, is basically the merger of traditional banking services with decentralized technologies such as cryptocurrencies and Decentralized Applications (dApps). In more technical sense, it refers to the amalgamation of all the decentralized products and services like digital assets, smart contracts, protocols, and applications.