Decentralized Finance (Defi) Explained!

  • In decentralized finance, you have complete control over your money, contrary to the centralized way where third parties like banks and other financial institutions hold the full authority of your money.
  • The transactions in Defi take only a few minutes to process, while on the other hand, it may take days for transactions to process traditionally.
  • The service fees are significantly lower in Defi as compared to Cefi.
  • You can access the services from anywhere and whensoever through decentralized finance in contrast to Centralized finance, where you can avail the services only upon a fixed duration of time at a readily allocated location.
  • Defi provides absolute transparency to its users in contrast to Cefi which is opaque.

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