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Benefits of Decentralized Finance DeFi

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The Benefits of Decentralized Finance or DeFi are

  1. Democratic control by participants (financial consumers) over how a system works
  2. No central authority with outsize power to affect the fate of participants’ deposits
  3. Greater reach to customers regardless of geographic location, as all one would theoretically need to participate is an internet-connected mobile device
  4. Less vulnerability to outside breaches due to decentralized security protocols
  5. Greater autonomy to customize specific blockchain protocols democratically, which may allow dynamic shifting of interest rates for lending cryptocurrency as one possible benefit

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