DeFi is a revolution in the way people access and use financial services. It is an open, permissionless system that allows anyone to access financial services without the need for a traditional financial institution. This means that anyone with an internet connection can access financial services such as lending, borrowing, and trading without the need for a bank account or credit score.
DeFi has the potential to revolutionize the way people access and use financial services. By removing the need for a centralized authority, DeFi can provide a more efficient, secure, and cost-effective way to access financial services. Additionally, DeFi can provide users with access to services that would otherwise be inaccessible due to geographic or financial constraints.
DeFi is still in its early stages and there are still many challenges to overcome. However, the potential for DeFi to revolutionize the way people access and use financial services is immense. As the technology and infrastructure continue to develop, DeFi is poised to become a major player in the future of finance.