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Dive Into DeFi. One of the innovations of decentralized finance (DeFi) is that it bypasses intermediaries and allows borrowers to take a loan directly through the decentralized platform. The boom in DeFi can be partly attributed to blue-chip lending protocols in offering liquidity using crypto as collateral. Aave and Compound are the two big names that have dominated the sector in less than 24 months, with total value locked rising from $100 million to a staggering $15 billion. Aave has recently surpassed Compound in total value borrowed and is now leading the lending sector in both deposits and outstanding loans under management.