Did you know that the concept of decentralized finance, or DeFi, has been around since the 1990s? The first decentralized exchange, FUSE, was launched in 1995, while the first decentralized lending platform, DigiCash, emerged in 1998. Despite its early beginnings, DeFi has only recently gained mainstream attention, with the rise of platforms like MakerDAO and Compound in the mid-2010s.

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While early concepts existed, the modern DeFi landscape truly took shape with Ethereum's smart contracts, enabling the creation of platforms like MakerDAO and Compound. This evolution has democratized financial services, offering transparency and innovation.

Fascinating! It's amazing how concepts like DeFi have been evolving for decades, only to truly blossom with blockchain technology. The journey from FUSE and DigiCash to MakerDAO and Compound is a testament to innovation and perseverance.