Benefits of Decentralized Finance (DeFi) Development
Transparency Every transaction is broadcast to and verified by other users on the Public Ethereum Blockchain network. Ethereum and the DeFi protocols running on it are also built with open source code that is obtainable for anyone to view, audit, and build upon.
Permission-less Unlike Traditional Finance, DeFi is defined by its open, Permission-less access. Anyone with a crypto wallet and an Internet connection can access DeFi applications built on Ethereum.
Security DeFi applications generally permit the user to remain in possession of the private keys. The user is in full control of the capital without a delegated third party.
Cost-Effective Utilizing blockchain as technical infrastructure authorizes relatively fast and low-cost transactions/settlement, the immutability of the economic contracts, and contract mechanization.
Programmable It is easy to program for a DeFi application. Once the program is coded, nobody can edit the coding.
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