What makes DeFi stand out

DeFi has several key features

First, it’s “open,” meaning you can use apps by creating a wallet, which often doesn’t display any identifying information, such as your name and #address.

Second, you can transfer funds almost instantly over the#bolckchainnetwork, so you don’t have to wait for a bank transfer to clear.

Third, transactions are much better than transactions at traditional banks$ ,” although transaction costs vary depending on the#bolckchainnetwork.

Fourth, DeFi apps work together, allowing anyone to create, modify, mix, match, link, or build on top of any existing DeFi product without asking for permission.

#Disadvantages

Unfortunately, this feature may also be DeFi’s biggest weakness, because if a key component, such as the DAI stablecoin, becomes weak or corrupted, the entire ecosystem could collapse.