
Decentralized Finance, or DeFi, lets people do traditional banking activities – like borrowing, lending, and trading – directly on a blockchain, eliminating the need for banks. From 2021 to 2022, and even during the downturn that followed, DeFi offered very attractive returns, with some platforms like Aave offering rates around 20% and newer platforms even higher. This could be a good opportunity to earn high interest on your money, but it’s important to remember that it also comes with risks like hacking, security flaws, and the possibility of losing your funds quickly.