00:00 DeFi explained in laymans terms
00:27 How decentralized is DeFi?
02:11 Decentralized finance vs centralized finance
02:48 DeFi can only fail by becoming CeFi

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

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