#DeFi / All-In on DeFi: Why the Days of Centralized Exchanges Are Numbered

DeFi is booming, and today the market is filled with all kinds of borrowing and lending protocols, many of which compete with one another on the basis of providing users with meteoric yields. It’s not uncommon to see protocols advertising double or triple digit interest rates – a far cry from the ~0.5% interest rates commonly seen on so-called “high-yield” traditional savings accounts…

Today’s most promising DeFi apps all share a similar vision for the future: The creation of a divergent financial system where capital and data flows more equitably, shifting control away from institutions and towards the individual…

Here’s what we think will happen next: CeFi players will continue to lower the barriers to entry for DeFi and DeFi-like projects, allowing their users to sample the benefits of DeFi, while retaining the liquidity, security and stability the users are accustomed to with CeFi offerings. Once these proof-of-concept projects are “verified” by the market and the DeFi model proves to be successful, then market demand will follow.

https://www.coindesk.com/defi-why-the-days-of-centralized-exchanges-are-numbered