RE: What is decentralised finance (DeFi) and how is it different from traditional finance?

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Great entry to the contest! I love how you started off by defining Finance and then Decentralization. I am just slightly concerned about you saying this,

In short, everything is profit in this new type of finance, at least as far as I'm concerned.

I think it might be dangerous to assume DeFi = profits. Don't you think?

There are plenty of risks especially when DeFi is still at its infancy.

Overall, this is a great post!



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Hello @defi.campus

Yes, it may sound a bit exaggerated to say that everything is profit, because in doing so, the word "profit" is surely related to money. But I am more referring to the possibility of eliminating that dependence on a central bank, to the fact that it is available 24 hours a day/7 days a week, to the fact that it probably helps to make cryptomoney (altcoin) more known.

But it is not only about what money is made, although, if you are right, you can understand it like that.

Thanks for the observation.

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