TradFi vs DeFi: An Unbiased Comparison
A comprehensive analysis comparing Traditional Finance (TradFi) and Decentralized Finance (DeFi) systems:
- **Control & Access**: TradFi relies on centralized institutions and intermediaries, while DeFi operates through blockchain technology without traditional gatekeepers.
- **Key Platforms**: Leading DeFi protocols like *Aave*, *Compound*, and *MakerDAO* offer innovative lending solutions and flash loans.
- **Future Outlook**: Rather than replacement, evidence points to a hybrid model emerging. HSBC's partnership with FCF Pay for crypto mortgage payments demonstrates growing integration.
The financial landscape is evolving toward a system that leverages strengths from both approaches, potentially creating more inclusive and efficient services.