Decentralized finance (DeFi) represents a significant shift in the financial landscape, leveraging blockchain technology to provide financial services without the need for traditional intermediaries like banks. This innovative approach allows for a more inclusive financial ecosystem, enabling individuals to engage in transactions and access services that were previously out of reach. With the use of smart contracts—self-executing contracts with the terms of the agreement directly written into code—DeFi platforms offer transparency and efficiency that can rival traditional financial systems. The importance of DeFi lies in its potential to democratize access to financial services, particularly for the unbanked populations worldwide. DeFi's role in the financial ecosystem cannot be understated, as it promotes financial autonomy and innovation.