Decentralized finance (DeFi) solutions are financial applications that operate on a decentralized blockchain network rather than a traditional centralized system. These solutions use smart contracts to automate financial transactions, eliminating the need for intermediaries such as banks or other financial institutions. The main advantages of DeFi solutions include increased transparency, security, and accessibility. As the financial industry faces potential threats such as fraud, data breaches, and lack of access to financial services for certain populations, blockchain technology and DeFi solutions can help tackle these threats by providing a more secure and transparent infrastructure. Additionally, Decentralized finance can also democratize access to financial services and enable a more inclusive financial system, thereby providing a more equitable distribution of financial resources.