- It is highly interoperable between different platforms and networks. It runs on an open-source permissionless blockchain network.
- No central entity is involved in financial services such as borrowing, and lending. This improves the efficiency of the process and cuts down on unnecessary costs.
- It is completely permissionless in nature and does not involve scrutinization through submission of KYC (Know Your Customer), and credit scores.
- Anyone with a good internet connection and a smartphone can make the use of Decentralized Finance Solutions. Hence, the liquidity offered is borderless and not limited by geographical barriers and different time zones.
- It is non-custodial in nature and users are given complete freedom and control over their respective funds or assets.
- High-end security practices are implemented over all the assets managed on the platform and hence it is unhackable.
Read more - https://www.infiniteblocktech.com/blog/decentralized-finance-defi-development/