The goal of DeFi is to create an open financial market that is trustless and permissionless. Significant development and investment has been placed into the advancement of DeFi, and as financial advisors, it’s important to understand this space. Much of the technology in the DeFi space builds upon, and improves, the TradFi system, possibly resulting in a better outcome for users – you and your clients. As the space continues to evolve and strengthen, it’s vitally important to have an understanding of decentralized finance and to be prepared to interact with, and rely upon, these applications.
Understanding DeFi and Its Importance in the Crypto Economy
