The Benefits of Decentralized Finance or DeFi are
Democratic control by participants (financial consumers) over how a system works
No central authority with outsize power to affect the fate of participants’ deposits
Greater reach to customers regardless of geographic location, as all one would theoretically need to participate is an internet-connected mobile device
Less vulnerability to outside breaches due to decentralized security protocols
Greater autonomy to customize specific blockchain protocols democratically, which may allow dynamic shifting of interest rates for lending cryptocurrency as one possible benefit
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This topic was modified 1 year, 10 months ago by Jane Fraser.