All processes are decentralized and happen on the nodes of a blockchain
You are in control of the process with no intermediaries (banks, insurance companies, etc)
Users are only identified as public addresses (wallets)
The profit from financial transactions doesn't go to an intermediary but is split between the participants
The capitalization of DeFi projects has exceeded 100 billion dollars
Many analysts conclude that the time of traditional banking and investment companies is coming to an end. A new era of democratized finances has begun.
DeFi: finances of tomorrow