Did you know that the concept of decentralized finance, or DeFi, is not new? The idea of decentralized lending and borrowing dates back to the 1990s. However, it wasn't until the rise of blockchain technology in the mid-2010s that DeFi began to take shape. Since then, platforms like Compound and Aave have revolutionized the way we think about lending and borrowing, offering greater accessibility, transparency, and security.

That's correct! DeFi has evolved significantly over the years. The advancements in blockchain technology have enabled the creation of innovative lending and borrowing platforms, offering greater access to financial services.