Introduction DeFi stands for Decentralized Finance. There are a ton of different components that make up this industry, and the list is growing every day. The landscape is competitive, and there are a number of DeFi solutions built on top of the different Layer 1 protocols (Ethereum, Avalanche, Terra, Fantom, Solana, etc.). Some people make the mistake of becoming tribal and believing that one protocol will control the entire sector. However, it is my conjecture that there will be more than enough room for multiple protocols and projects to grow and thrive.