DeFi aka Decentralized Finance. The opposite of the DeFi is CeFi,Centralized Finance, which is a finance system that mostly control by specific institution. So DeFi is the non-controlled finance system which means we can do any financial activities without controlling.
Of course. Now banks and institutions can agree or disagree your trade. For example, If you want to buy dollars,you have to through you bank account. Unfortunately, you coumtry stop this trade then you can’t find other way to buy dollar. But in DeFi, you got some BTC or ETH you can easily swap them into dollars or outher currency.I think this is the different bewteen DeFi and CeFi.
In some ways, it can help you control your private money. No need to give you properties to other. In a word, It’s easy to use, more flexible and fresh.
First, buy some crypto currency in Centralized Exchange(CEX)
Second, setup a Metamask wallet
Third, transfer you currency from CEX to wallet
Last, To Uniswap and enjoy your swap.
For me I will explain like that
DeFi is like the party while CeFi is like dancing contest. In DeFi, you can do what you want to do(If legal) and control your property more no one will intermeddle. Just like party you can dance with anyone you like and no one will control you actions. CeFi is the finance system now. And I will describe it like dancing contest because you can only dance with the same person and dance the same things
Controling more, more privacy, decentralized
not safe enough, the design of token economic should be improve, need to be more stable
Thanks mates for reading, Those want I say are NFA, please DYOR
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