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…
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I don't have a good understanding of decentralised finance
@9K486Y89mos9MO
If it is owned and controlled by one company, then the stakes of making sure everything runs smoothly is higher as the ownus falls on them, this is why I believe that it should be owned and controlled by a single company, but carefully watched as to ensure it is operating correctly.
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@93HFKH72yrs2Y
No, everything should be centralised
@9B4YYGC2yrs2Y
We do not need a financial system
@97Y8HZL2yrs2Y
I don't understand the concept of decentralised finance
@94P4F2H2yrs2Y
No, but create tax incentives for ethically run domestic startups to compete for business in this space.
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