How Decentralised is the DeFi sector?

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Performance of Yearn Finance (YFI) token

Source: CoinGeko

The Decentralised Finance (DeFi) sector has evolved to offer a range of financial services such as lending, borrowing, insurance, payments and derivatives. While some of the firms involved have been preaching and practicing DeFi for years such as Maker DAO — established in 2014- the…