(1/5) #CeFi #DeFi – What's the difference and which one is right for you. CeFi stands for centralized finance.
10 Nov 2023, 19:07
🧵 (1/5) #CeFi 🆚 #DeFi – What’s the difference and which one is right for you? 🤔
CeFi stands for centralized finance. SALT and @krakenfx are examples.
DeFi stands for decentralized finance and includes protocols like @compound and @aave .
Same news in other sources
410 Nov 2023, 19:16
🧵 (5/5) Whether you tend to side more with #DeFi or #CeFi, there’s no denying that CeFi is the best and only way to bridge to DeFi in the sense that you’ll likely need to use a CeFi platform to onramp and off ramp into DeFi.
If you want to explore CeFi and are considering…
(5/5) Whether you tend to side more with #DeFi or #CeFi, there's no denying that CeFi is the best and only way to bridge to DeFi
🧵 (5/5) Whether you tend to side more with #DeFi or #CeFi, there’s no denying that CeFi is the best and only way to bridge to DeFi in the sense that you’ll likely need to use a CeFi platform to onramp and off ramp into DeFi.
If you want to explore CeFi and are considering…
10 Nov 2023, 19:15
🧵 (4/5) #DeFi platforms only function according to the underlying smart contract & users are required to interact with the protocol using browser wallets that require a certain degree of technical knowledge.
(4/5) #DeFi platforms only function according to the underlying smart contract & users are required to interact with the protoco
🧵 (4/5) #DeFi platforms only function according to the underlying smart contract & users are required to interact with the protocol using browser wallets that require a certain degree of technical knowledge.
10 Nov 2023, 19:15
🧵 (3/5) #CeFi helps onboard the masses. CeFi companies are also “centralized entities” with officers and board members associated with government registered entities. CeFi offers customer support with live agents.
(3/5) #CeFi helps onboard the masses.
🧵 (3/5) #CeFi helps onboard the masses. CeFi companies are also “centralized entities” with officers and board members associated with government registered entities. CeFi offers customer support with live agents.
10 Nov 2023, 19:08
🧵 (2/5) CeFi platforms are typically governed by corporate entities that can create their own lending requirements. With DeFi, the goal is to move toward decentralization where the community will be the body that governs the DAO.
(2/5) CeFi platforms are typically governed by corporate entities that can create their own lending requirements.
🧵 (2/5) CeFi platforms are typically governed by corporate entities that can create their own lending requirements. With DeFi, the goal is to move toward decentralization where the community will be the body that governs the DAO.