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  • In decentralized finance, a public blockchain acts as the trust source, governing all operations in the financial sector. In contrast, public governance, which entails laws and licensed financial institutions, acts as the trust source, governing all operations in the traditional finance.
  • Decentralized finance continues to gain traction in part because it is a more open and transparent than traditional finance. The lack of barriers to entry means anybody with programming skills can take part in building financial services and tools on top of public blockchains.
  • In contrast, cumbersome barriers to entry have made it improbable for the traditional finance system to embrace the emerging trend. The fact that one must obtain proper licenses and authorization from regulators has limited innovation around the traditional finance systems.
  • DAI, with a userbase of 21,000 people, is ranked as the largest decentralized finance app. As the creator of the MakerDAO stablecoin, the app makes it possible for people to receive loans by depositing Ethereum. The app is completely decentralized.
  • Dharma is another decentralized finance app that operates as a lending platform. The app makes it possible for people to lend and borrow Ethereum, regardless of their credit score.
  • Bancor Network is slightly different from the other two decentralized finance apps, as it allows users trade cryptocurrencies without an intermediary, such as a broker.




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Stably is a venture capital-backed FinTech startup from Seattle (USA), with a focus on providing asset tokenization and stablecoin infrastructure.

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