DeFi was initiated to build a more democratic financial system after cryptocurrencies emerged for freedom. Another most important goal of DeFi systems is to enable people who do not have access to traditional financial systems to do financial work.
Approximately 1.7 billion people in the world cannot access the traditional financial system, that is, banking transactions. DeFi systems aims to access these people, which the current financial system cannot reach.
Although there are physical barriers to accessing banking systems, people's distrust towards banks, which are generally central, is important.
Generally, the advantages of DeFi systems are:
It has led to the emergence of decentralized stock markets.
It has ensured that money-based banking systems are used by everyone.
It is provided to make borrowing and lending transactions between users.
It has enabled the introduction of a new cryptocurrency to the market and the ability to raise funds for projects.
It has made it possible for new usable financial instruments to be made available with DeFi.
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