Andre Cronje: Optimistic about DeFi's advantages over traditional finance

Andre Cronje, director of the Fantom Foundation and current chief technology officer of Sonic Labs (formerly Fantom), published an article titled "Why DeFi?" to explain why he is optimistic about DeFi. Andre Cronje said in the article: The core of finance has always been to empower idle assets and put idle assets to work. Due to fraud, crime, and an evolving society, it has become increasingly difficult to judge whether the person who wants to borrow money is respectable. But DeFi does not judge. According to the rules of the system, everyone is treated the same, and the rules are open and transparent for everyone to see. Users' home loans were rejected by traditional banks, and they might not even know why. But if a DeFi loan is rejected, the reason will be clear. Defi is a core building block of a decentralized society, but it is just the beginning, and there is more to do. (Andrecronje)