The Decentralised Finance (DeFi) landscape has grown exponentially over the last 12 months. As with seemingly every new trend in the blockchain space, DeFi has presented many early adopters with the opportunity to gain vast riches, and some others with hard lessons and empty wallets.
In DeFi though, blockchain and, in particular smart contracts, have indeed found a use-case that even in its nascent form shows the potential to turn the financial landscape on its head. At the time of writing, some $26 billion worth of cryptocurrency is locked up in DeFi smart contracts. The figure is showing no signs of slowing down.