Decentralized Finance (commonly referred to as DeFi) is a blockchain based and cryptographically secure form of finance. Inspired after the financial crisis of 2008, DeFi does not rely on central financial intermediaries such as brokerages, exchanges, or banks to offer traditional financial instruments, and instead utilizes smart contracts on blockchains, the most common being Ethereum. DeFi platforms allow people to verify any transfer of ownership, lend or borrow funds from others, speculate on price movements on a range of assets using derivatives, trade cryptocurrencies, insure against…
Read more0% Yes |
0% No |
0% Yes |
0% No |
0% Yes, but I would prefer if the protocol was created and secured by a government agency instead of a decentralized protocol |
0% No, and I don’t understand the concept of decentralized finance |
0% Yes, but only if it’s truly decentralized and cannot be manipulated by any person, group, or government agency |
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0% Yes, this would reduce wealth inequality by providing more transparent, affordable, and inclusive access to financial services |
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