With 5 million users and $100 billion in total value locked, 2021 saw the explosion of Defi. But, what do you know about Defi? — Decentralized finance or Defi is a financial ecosystem primarily built on the Ethereum blockchain that allows its participants to grow their financial positions by borrowing and lending funds from this ecosystem anonymously and impartially. It is the absence of a central authority with autocratic powers like banks, governments, and other…