decentralized finance

We may have not realized it, but decentralized finance (DeFi) is historically not a new phenomenon. However, new financial technology (FinTech) have reformed the principles of decentralized finance to the point of an apparent renaissance. Some might like to think that NFT and related cryptocurrencies operate in a sort of new world order where centralized finance posed little to negligible effects. While touted to be more efficient and interoperable, the increased risk of decentralized finance lies on its greater volatility and inherent weakness in terms of regulatory governance. Still, if you would see the need to cash out, the likely premise is that centralized finance systems should be working smoothly as well. Nonetheless, the decentralization of finance through digital means can be regarded as a return to this kind of trade, where money and cryptocurrencies could disappear altogether while NFTs would dominate the market. Read more in our articles including "Crypto Explainer: Why LUNA and UST crashed?" and "Rethinking NFTs: Back to the future or a past revisited?".