'What the DeFi Revolution Means for You' defi crypto
and failure by the government to meaningfully ensure a fair shake at it for the average person has left an enormous opportunity for a fair and transparent alternative to fill the gap. This can be highlighted with the Edelman Dimensions of Trust Chart below which tracks public trust based on two distinct attributes: competence and ethical behavior .This is where DeFi comes in. In a way, it is the reimagination of our deeply flawed system.
The system cannot be gamed because the code is the law. That code is in the form of an immutable smart contract. These smart contracts govern the world of decentralized finance. The code has no feelings, special interests, ulterior motives, or skin in the game. This drives fundamental and underlying fairness.
These smart contracts are highly programmable so the use cases will only grow from here. Reflexively, this means that the advantages and value proposition of using DeFi will only grow over time. In theory, everything you do now within our current legacy financial system will be able to be done on-chain — but better.
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