If the advantages are obvious (total management of one's wallet, accessibility to a much larger part of the population, etc.), one must nevertheless keep in mind that DeFi is a new field, and that unfortunately, many scams are swarming on blockchains.

You don't leave anything to an intermediary organization. The concept is the same for all DeFi applications. With a DeX, transactions are peer-to-peer, without any intermediary, all you need is a wallet (and some tokens to exchange of course). For example, if you want to buy a crypto-currency x, say Ethereum on Binance, the platform acts as an intermediary, managing your buy and sell orders. One of the most famous examples we can cite is the DeX or Decentralized Exchange. The advent of the Ethereum blockchain, through its major innovation, the smart contracts, has opened the door to a whole new field unknown until then: Decentralized Finance (DeFi).ĭecentralized finance is the set of smart contracts deployed on different blockchains, allowing to reproduce (and improve) some financial applications known until now.

Where is scar tree hold eternium