Why you need to know Defy and its connection to the financial world

Why you need to know Defy and its connection to the financial world

Most of the time when you are called crypto you think directly about Bitcoin. It could be a blockchain or an atheist, but only if you are interested in the field.

But the crypto field is undergoing a revolution these days – it starts quietly and is particularly noisy – crypto defy (Distributed Financing).

At the center of the idea The experience is behind Diffie
Leave intermediaries in transactions. In other words, less trade through banks, more direct trade between different institutions or people.

The ultimate goal is to make the technology as transparent as possible, eliminating the need for trust that a government or institution can give to this process.

Today, in an acceptable way, banks make the bulk of their money out of interest rates, sometimes brutally, and they only lend money to those who need it, while bank account holders often get nothing. Defy wants to change that balance.

In the 165th episode of Calcallist’s Money Engines podcast with Zagot economist and chief strategist Yuri Greenfeld, we tried to understand how Diffie’s system works and whether this is real news in the financial sector. Also – can we use nft for anything other than artwork?

In the episode, Uri Ardman introduced DFI and NFT, venture capitalist and crypto expert.

Weekly podcasts on the hottest topics in the financial world

To listen to the podcast, click here >>

The concept of Defy - less brokerage, more direct trading The concept of Defy – less brokerage, more direct trading Photo: Shutterstock

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