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tongms
@fwefasd
DeFi's transparency can significantly enhance trust in financial services. By leveraging blockchain technology, DeFi ensures all transactions are publicly verifiable, immutable, and accessible, reducing reliance on opaque intermediaries. Smart contracts automate processes, minimizing human error and manipulation risks. This open system fosters accountability, as users can audit protocols in real-time, unlike traditional finance, where operations are often hidden. However, challenges like complex interfaces and security vulnerabilities may hinder trust if not addressed. Educating users and improving protocol reliability are crucial for DeFi to fully realize its potential in building confidence in financial systems.
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