The rise of decentralization has opened the door for the development of the DeFi Lending and Borrowing Platform in the crypto space. This platform allows investors and bankers to excel in the case of loans and deposits in a distributed system in the digital world. The Defi platform paves the way for confident confirmation rather than using the conventional banking methodology since third parties are removed. The commonly used DeFi Lending and Borrowing Platforms are insta Dapp, Aave, compound maker, etc.  This DeFi protocol allows the users to gain loaned crypto coins or tokens with high-interest rates.