What are the use-cases of DeFi Protocols?
Defi is decentralized finance, an open-source financial sector, and it avoids central control like banks, which is a blockchain-powered system, and it is very secured and trusted. It has various advantages over traditional finance. On the Defi lending /Borrowing Platform, it provides interest as returns and governance token as complementary on utilizing the Decentralized Finance.
The protocol has advancing fashions like giving its governance token for liquidity farming and a set of DeFi functionalities like stablecoins, acquired products, lending, and liquidity pools.