Why Defi will displace traditional banking system

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I've been reading a lot on Defi recently, this especially because of the roll out of polycub, it's difficult to ignore what keeps popping up on your feed right? Crypto is changing the way we value money, and Defi is changing the phase of money management. These two changes working hand in hand is fascinating. What we are seeing is far bigger than we can imagine it to be. I've learnt something for the past few months and that is the fact that money exists outside the governmental structures, and it's basically the best form of it.

Creation and Growth

Defi has moved past its creation, growing into a far more sophisticated framework. We're looking at value distributing structures being built into this economy. Let's take polycub as a case study. Everyone expected a regular yield farming, but it's slowly opening up parts of its structures and it looks way more than that, it's a big investment field, built with far more advanced knowledge.

The greatest inventions will be the ones that put aside labor, this is what the banking system was supposed to offer, but instead, it somehow turned into a havoc, a legalized system of fraud. With Defi we could try to build something that paves way for more authenticity, solving the problems faced by the traditional banking system. Transparency, accountability, and most importantly, value distribution

Humans are watching their labour convert into value, and value regenerate. From that perspective, Defi is a reinvesting protocol, this keeps it a far mark apart from the traditional banking system. The flaws of this system is that it takes far more than it gives out, Defi on the other hand is different, it's built to give more value to its participants, so this is a system of wealth, structured to print value and create a balance in fair distribution.

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Building New Bank Names

This is the most important aspect of this post, I'm sure we're all conversant with the idea of digital states, there's been a couple of conversations on it, and while we've seen blockchains looking to brace that title, there's a similar call to play with Defi protocols. We're seeing a growing number of decentralised finance services, the numbers keep going up because it's a matter of urgency. This is the new system of banking being built, and we're watching the system claim the place in history.

When you look at governance coming into place, you're definitely relating this to company stocks, that instead of issuing shares, tokenization is taking form. Influence is being acquired through this, and big companies are literally being built on this crypto infrastructures.

The system has the basic setups to fuel this economy, and if we're being honest with ourselves, there's far more chances of growing a flexible atmosphere of financial services, this because of how interoperable it is by design, this is creating a synergistic effect, a binding of unstoppable workforce, this structures are quite fascinating and well positioned to stand the test of time.