What is CeFi? What is Defi? What is difference?

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 Definition CeFi, short for centralized finance, offers some of the yield benefits of DeFi with some of the ease of use and security of traditional financial-services products. With CeFi, you can earn interest on savings, borrow money, spend with a crypto debit card, and more.

With DeFi, users trust that the technology will perform as proposed to execute on services being offered. On the other hand, with CeFi, users trust a business's people to manage funds and execute the business's services.

A DeFi coin is much like a digital version of a fiat coin — it transfers value in the course of a financial transaction. DeFi coins are built on and often named for their unique, native blockchain networks. In spring 2021, Maker, Compound, Uniswap, Aave, Chainlink, and Ankr are among the most popular DeFi coins.

DeFi vs CeFi: CeFi Ecosystem relies on a centralized exchange to manage financial services while DeFi is an open and transparent network.

CeFi, short for centralized finance, offers some of DeFi's revenue along with some of the ease of use and security of traditional financial services products. With CeFi you can be interested in savings, borrow money, spend with a crypto debit card and more.

With DeFi, users trust that the technology will work as designed when providing the services offered. At CeFi, on the other hand, users rely on entrepreneurs to manage funds and run business services.

The DeFi currency is similar to the digital version of the fiat currency - it converts value during a financial transaction. DeFi coins are created and often named after their unique, native blockchain network. In the spring of 2021, Maker, Compound, Uniswap, Aave, Chainlink and Ankr will be among the most popular DeFi coins.

DeFi vs CeFi: The CeFi ecosystem relies on a centralized financial services exchange, while DeFi is an open and transparent network.

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