DeFi, or short for Decentralized Finance, which is next in line to the already revolutionary biz-and-buzzwords like Blockchain, Cryptocurrency (Bitcoin and NFTs), and Metaverse. Today, digital financial transactions have pushed the use of banknotes and coins to the margin. So, it is a logical and logically chronological step for evolution of decentralized finance in the mainstream, says Aave’s Head of Developer Relations, Marc Zeller.
He further points out that the DeFi enthusiasts and supporters are already believing and really hoping that Decentralized Finance will completely redefine the financial system by eliminating the traditional centralized authoritative hurdle called banks.
But will it happen, and if yes, when will it become reality, is the buzzing question on everyone’s mind.