Is DeFi useful?
Is DeFi useful? Have you used it yourself and why?
I have used some of the DeFi solutions myself like the alternative savings; nexo, celsius and monaco. the analytics; like chainbeat, bloxy and alethio the stablecoins most of us are familiar with. the prediction markets; augur and gnosis the open market places; openbazaar and district0x and will be an avid user of many services to come! DeFi is, without a doubt, extremely important to all. It will bring finance to all peoples across the world whom now have to do without it. DeFi armed with an open DLT that is. These open systems create a financial infrastructure that is not susceptible to censorship nor corruption nor nepotism. It solves and combats the parasitic behaviors of the financial systems in place right now. It is able to do micro credit like no one has ever seen before. It can facilitate growth without the overhead of institutions, regulators and borders so that people from across the world can interact and exchange almost anything with each other over the internet with only a few clicks. I say welcome to the new economic paradigm called DeFi. " It is well enough that people do not understand our banking and monetarry system, for if they did, I believe there would be a revolution before tomorrow morning" - Henry Ford
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