Is C98 a DeFi?

Could you elaborate on whether C98 qualifies as a decentralized finance (DeFi) solution? Given the rapidly evolving nature of the cryptocurrency and finance landscape, it's crucial to understand the underlying technology and principles that define DeFi. Does C98 offer decentralized financial services such as lending, borrowing, trading, or derivatives? Are the transactions executed on a blockchain network without intermediaries? How does it compare to other established DeFi protocols? Clarifying these points would help determine if C98 indeed falls into the category of decentralized finance.