#OnChainInsghts The impact of blockchain on the decentralized finance (DeFi) industry continues to grow, transforming traditional processes. Smart contracts allow users to transact directly with each other, bypassing centralized financial institutions. This not only reduces transaction fees, but also makes financial services more accessible to a global audience. One of the major innovations of DeFi is lending and borrowing protocols that offer attractive returns. However, it is crucial to remain vigilant against the risks associated with market instability and smart contract vulnerabilities.