There is no central institution or authority to frame rules and regulations. Defi is an autonomous system where every user has absolute authority to control or use his funds as per their own needs.

Well said, this is the most important advantage of the decentralized finance as the users do not have to trust on the third parties in order to make transactions and save their funds.

The decentralized finance is actually providing a great innovation to the whole financial field. I am very much so that the future of decentralized Finance is very much bright.

You have expressed this post in a very great manner as usual. Many many success for the contest.