DeFi has been a historical breakthrough in the history of finance
DeFi being a bottom-up innovation that takes the component of centralised finance and replaces human trust with math-based trust, which at the end of the day is 100% more dependable, replaces paperwork with smart contracts, legal enforcement with cryptographic enforcement, and third party audit with open source code and public ledger.It is enabling developers to create new financial products such as decentralised banking, decentralised money markets and decentralised asset management firms also decentralized autonomous entities that are growing at such a fast rate to the point that one has become the largest treasury in the market, BitDAO which are also creating a DAO2DAO ecosystem that will spawn more purpose driven autonomous entities. The possibilities in DeFi are endless.DeFi is shaping to be the best thing to happen to finance since ever. Not everyone in the world can open a bank account but everyone in the world can be part of DeFi. To go from tedious money transactions to this innovation in a couple of years is astounding and I'm looking forward to see what DeFi brings in the upcoming years.
Ingrandisci immagine - Repost: DeFi has been a historical breakthrough in the history of finance (from Reddit.com)
DeFi being a bottom-up innovation that takes the component of centralised finance and replaces human trust with math-based trust, which at the end of the day is 100% more dependable, replaces paperwork with smart contracts, legal enforcement with cryptographic enforcement, and third party audit with open source code and public ledger.It is enabling developers to create new financial products such as decentralised banking, decentralised money markets and decentralised asset management firms also decentralized autonomous entities that are growing at such a fast rate to the point that one has become the largest treasury in the market, BitDAO which are also creating a DAO2DAO ecosystem that will spawn more purpose driven autonomous entities. The possibilities in DeFi are endless.DeFi is shaping to be the best thing to happen to finance since ever. Not everyone in the world can open a bank account but everyone in the world can be part of DeFi. To go from tedious money transactions to this innovation in a couple of years is astounding and I'm looking forward to see what DeFi brings in the upcoming years.
Ingrandisci immagine - Repost: DeFi has been a historical breakthrough in the history of finance (from Reddit.com)
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