TLDR
DeFi continues to play a crucial role in the evolution of the financial sector for many reasons. For one, it is an open and permissionless system that is available to everyone. The key reason is the long on-boarding process to understand DeFi financial primitives which discourage most crypto traders and wealthy investors. The value of global assets under management (AUM) stood at $69.1 trillion in 2016. In traditional asset management firms, clients usually have to put their faith in the firm and their services are only to wealthy businesses and individuals.via the TL;DR App
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Written by ashkykharoo | Engineer with love for technology, especially those that solve real-user problems.
