The collaboration will prove to be beneficial for the smart contract developers. They will get hold of an entire Web 3.0 infrastructure hoard consisting of blockchains designed for on-chain logic and state transformations, Chainlink oracles aimed at off-chain transmission and computation, and Filecoin centralized for decentralized storage and data solutions.
In its most simple form, decentralized finance is a concept where financial products are available on a public decentralized blockchain network making them open to anyone to use rather than going through a middleman like banks or brokerages. Unlike a bank or brokerage account, a government-issued ID, social security number, or proof of address are not necessary to use DeFi. More specifically, DeFi refers to a system where software written on blockchains makes it possible for buyers and sellers and lenders and borrowers to interact peer to peer or with a strictly software-based middleman rather than a company or institution facilitating a transaction.