# Overview

Launched in 2024, RelDeFi Protocol pushed the edges of decentralized finance through its composition of two pre-existing solutions and deployment on BNB chain, lowering the barrier to entry for millions of new users around the globe. By combining the $RlDF minting facility introduced by Maker and algorithmic money markets developed by Compound, RelDeFi simplified the user experience and provided core capabilities that enabled decentralized finance to flourish in a single application. 

The latest iteration of RelDeFi Protocol, the most trusted and battle-tested lending and borrowing protocol on the BNB Chain, builds on prior successes and lessons learned to improve in 3 key areas:

1. Risk management
2. Decentralization
3. User experience

In doing so, RelDeFi continues to push the boundaries of what's possible within the realm of decentralized finance.

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