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Singapore Fintech Festival 2021: ‘We haven’t even fuelled the DeFi rocket’
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finextra.comDefining DeFi as a system where you have full control through private keys, Nazarov states that users have full transparency through the protocol they give the asset to and are also getting anywhere from two to 8% returns. “You’re getting more transparency, more control and better returns. This is the simplest -in my experience -, most straightforward way to explain DeFi.”
He furthers that because of these benefits, DeFi is redefining the core value proposition of financial products and the financial system. “Why would I want to give my money to a financial system where I have no transparency about what's going on, after repeated global failures and corrections centred around solvency? Why wouldn't I give my assets to a system where I have
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