What is decentralized finance, or /"DeFi/"? These projects offer basic financial services, such as lending, investing, saving, etc. in a decentralized way. But how decentralized are DeFi projects? And how do they compare to traditional, centralized finance?

Chapters
00:00 DeFi explained in layman's terms
00:27 How decentralized is DeFi?
02:11 Decentralized Finance vs. Centralized Finance
02:48 DeFi can only fail by becoming CeFi

This question comes from the bonus Q&A session on DeFi, which took place on May 16, 2020. If you want early access to conversations and the chance to ask questions in the monthly live Q&As with Andreas, become a Community Builder on Patreon: https://www.patreon.com/aantonop

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