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RE: Steemit Crypto Academy Contest / S4W2 - Decentralized Finance by @temitopef
DeFi is the latest breakthrough and opposite CeFi, where DeFi is not controlled by third parties like CeFi. DeFi relates between buyers and sales. The cost of DeFi is cheaper than CeFi.
I also shared a post about DeFi, if you have time please see it and I am very happy.
Yes, The elimination of third parties is one of the outstanding features that make DeFi stand out when compared with CeFi. Thank you for reading
Yes, that's right, DeFi and CeFi are different things. Both are financial systems, but the difference is that CeFi can still be controlled by certain institutions while DeFi is between buyers and sellers.
I also await your arrival in my publications friends.