What Defi?! It is more like a Nofi

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What Defi?! It is more like a Nofi

In 2021, the most mentioned phrase was Defi, but no one wants to talk about it in 2022.

Multiple explosion of the Defi pushes believers away from the service’s credibility.

You probably wonder what Defi then?

What Defi?

Defi or Decetranlized Finance is a myth.

There are many benefits that Defi claims to have:

✅ permissionless and inclusive

✅ real-time and transparent transactions

✅ users can retain custody of their assets

✅ smart contracts are highly programmable

✅ DeFi data is tamper-proof, secure, and auditable

✅ many DeFi protocols are open source

Those benefits are turning into questionable features:

🤔 rug pulling potential

🤔 there is no way to dispute transactions