Is DeFi relevant for web3?
The biggest contributor to the expansion of the web3 movement is decentralized finance or DeFi. Starting from cryptocurrencies to decentralized lending/borrowing platforms, DeFi has changed many conventional financial systems. DeFi is one of the prominent web3.0 examples which show how web3 concepts can introduce new benchmarks of efficiency and productivity in traditional services. Decentralized finance complies with the basic objective of web3 for empowering users with access to their assets and data without involving centralized intermediaries.
