DeFi Introduction
Introduction, comparison with traditional finance, key benefits
What is DeFi ?
Decentralized Finance (DeFi) is a collective term for financial products and services that are accesible to anyone with an internet connection.
It is a movement towards a better future of finance, a future which is open to everyone, transparent and decentralized.
How DeFi is different from traditional Finance (CeFi)
| CeFi | DeFi |
|---|---|
| Slow | Fast |
| Expensive | Cheap |
| Banks/Financial institutions control your data | Users control their data |
| Closed system | Open system |
| Centralized | Decentralized |
Why do we need DeFi ?