Lens1000
VIP Contributor
It is a known fact that CEFI, centralized finance offers a platform where financial services are provided by the centralized entities and a typical example of a CEFI platforms are banks and traditional financial institutions that we have seen today. On the other hand, DEFi, the decentralized finance is a platform where the financial services are provided through the decentralized platforms and they are actually built on the blockchain technology. The major difference that is between the CEFI and the DEFi is the underlying infrastructure. So many people are shifting towards using the decentralized finance platform because of its transparency..
