Characteristics of DeFi DeFi’s ecosystem allows transfers of value between people without the need of intermediaries such as a bank or financial institution.
what do you think on this?
DeFi are non-custodial, really means is that they the financial intermediary does not have custody of your assets you do. DeFi is Open, these decentralized networks are global, and without borders. This is a parallel financial system, with unlimited access. DeFi is Transparent, anyone could verify how a DeFi app and protocol works, and could track exactly where their money is.
It is Composable and Decentralized, DeFi protocols are built on public blockchains such as Ethereum. Ethereum, and other public blockchains, are run by thousands of computers across the globe. Check disclaimer on my profile.