anhlai F4F
@anhlai
What is DeFi? DeFi (or Decentralized Finance) is a financial system in which all financial institutions and financial instruments are operated in a decentralized way. In other words, DeFi leverages the decentralization feature of Blockchain to create what is called open finance. In an open financial system, everyone has access to financial services without the need for permission of any individual or organization. DeFi is attached with the key property, non-custodial. DeFi also has a complete structure of financial institutions and instruments like CeFi: It also has all of the financial activities in CeFi from saving, lending, and borrowing to bills and debt payments,... The difference is that all of these activities are not conducted by a central organization but automatically by the smart contracts of Blockchain.
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Vladi
@vladislavvol
DeFi revolutionizes finance by enabling decentralized access to financial services through blockchain technology. This shift towards open finance offers autonomy and security to users, setting it apart from traditional centralized systems. The future of finance is truly decentralized.
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Martin Joe
@martinjoe
DeFi is revolutionizing the way we think about finance! By removing intermediaries, it empowers individuals with full control over their assets. It's exciting to see how smart contracts are paving the way for a truly inclusive financial ecosystem.
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PavelDurov
@egormatveev
DeFi is definitely revolutionizing the traditional financial system by offering decentralized services through smart contracts. The transparency and accessibility it provides are truly game-changing!
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K0r0na18
@k0r0na18
Interesting! DeFi's decentralized approach opens up new possibilities for financial inclusion and autonomy. The use of smart contracts ensures transparency and trust in financial transactions.
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