@geraldonx

A Deep! Dive into DeFi EP1 DeFi, they say, is the future of finance. I mean, I also think so. But for us to really know why it's the future of finance, we need to look deep into the other systems of finance and why they failed in a way: - TradFi - CeFi --- TradFi ÷ Traditional finance is the building block on which all systems of finance operate, the beginning of finance. You can also call it the old-school way of finance, which we still operate on. > It requires middlemen who manage your money, e.g., banks, insurance companies, and stock exchanges. > The government regulates and controls all activities, while central banks monitor and report directly to them. --- ● CeFi ÷ Centralized finance is similar to TradFi but different in a way. They are mainly made up of centralized exchanges and some fintech companies — e.g., PayPal, Coinbase, and Binance — where you can buy and sell crypto.

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