The recent crypto crash has drawn attention to the inherent flaws of Centralized Finance (CeFi). A lot of crypto platforms, such as Vauld, Three Arrow Capital, Voyager, Hodlnaut and Celsius are either going bankrupt or halting customer withdrawals altogether. Initially, cryptocurrency was created with the purpose of tackling all the flaws present in the traditional centralised financial system, where a third party is responsible for keeping your funds secure, providing loans, or holding stocks. Its purpose was to remove the third-party in any transaction and act in the same manner as digital cash.