It's probably a supplement to it.
Rather than having individual banks lending to customers and central banks, they're instead lending on one large network of banks.
If someone can offer a 3% return on your currency from another country and all you have to do is digitally sign something from your hq then it'll probably mean most places have a standard interest rate.
Most things of values: stocks, real estate and cars, are easy to link to their owner and easy to sign across to a company if necessary enforcement would have to be done in person and there'd obviously still be risks but if you're investing in a blended lending fund (which defi kinda is) then it wouldn't be too risky imo. There might be less insurance on savings available though too.
Topic: Is DeFi really a threat to centralized finance? - page 7. (Read 1250 times)
The you think defi a a threat to the future of centralized finance? What's your opinion?
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