Whether CeFi can be replaced by DeFi?

Basically, Defi cannot completely replace CeFi. However, DeFi will support more multiple service items that CeFi cannot have.
In DeFi:
Assets will be replaced by cryptocurrency.
Institutions, States, Companies will be replaced by Blockchain.
You can approach decentralized finance through Internet-connected devices anywhere.
As such, DeFi tools are certainly different from CeFi tools; although they provide similar financial services for example loans or lendings.
Not only that, they also provide completely new financial services such as stablecoin (DAI, True USD, ect)

#EF1 #EF1Finance #coin #crosschain #pos #defi #staking #swap #yeildfarming #dapp







Naver Blog

Naver Band



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store

EF1 is a Defi Platform that allows users to save, loan, borrow and pay Crypto Assets in a global network.