DeFi and Its Potential Impact on Wealth Distribution and Income Inequality
Introduction
In recent years, Decentralized Finance (DeFi) has emerged as a promising alternative to traditional financial systems, offering the potential to democratize access to financial services and reduce the reliance on intermediaries. With the potential to disrupt traditional financial systems, DeFi has the potential to significantly impact wealth distribution and income inequality. This article explores the potential impact of DeFi on wealth distribution and income inequality.
What is DeFi?
DeFi refers to a financial system built on decentralized networks that are powered by blockchain technology. In contrast to traditional financial systems that rely on intermediaries like banks, DeFi enables peer-to-peer transactions and removes the need for intermediaries. DeFi platfo...
