The Evolution of DeFi: From MakerDAO to Modern Protocols
The world of finance has undergone a radical transformation over the past decade. What began as a niche experiment with Bitcoin has now evolved into a full-fledged digital economy, with decentralized finance—commonly known as DeFi—at its core. From its humble beginnings with projects like MakerDAO to the sophisticated protocols powering yield farming, liquidity pools, and algorithmic stablecoins today, DeFi has redefined how we think about money, lending, borrowing, and investing.