
DeFis Identity Crisis: Regulation And Radical Inclusion
Decentralized Finance (DeFi) is revolutionizing the financial world by offering a transparent, permissionless, and accessible alternative to traditional financial systems. Imagine a world where you can access loans, trade assets, and earn interest without relying on banks or other intermediaries. This is the promise of DeFi, and it's rapidly becoming a reality, transforming how we interact with money and financial services.
What is Decentralized Finance (DeFi)?
Understanding the Core Concepts
DeFi refers to financial applications built on blockchain technology, primarily Ethereum. Unlike traditional finance (TradFi), which relies on centralized institutions, DeFi operates on decentralized networks, eliminating the need for intermediaries like banks, brokers, and exchanges. This allows for ...