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LIVEPLEX METAPHOR: WHY IS DeFi THE FUTURE OF FINANCE
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In today’s episode – we explain why there is a need for a decentralized finance system in the first place
DeFi or decentralized finance, seeks to build and combine open-source financial building blocks into sophisticated products with minimized friction and maximized value to users using blockchain technology. Given it costs no more to provide services to a customer with $100 or $100 million in assets, we believe that DeFi will replace all meaningful centralized financial infrastructure in the future. This is a technology of inclusion whereby anyone can pay the flat fee to use and benefit from the innovations of DeFi. DeFi is fundamentally a competitive marketplace of decentralized financial applications that function as various financial “primitives” such as exchange, save, lend, and tokenize. These applications benefit from the network effects of combining and recombining DeFi products and attracting increasingly more market share from the traditional financial ecosystem.
WATCH MICHAEL AND ALEX TALK MORE ABOUT THIS IN OUR PODCAST #METAPHOR
#liveplex #metaphor #podcast
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