Monopoly free and open to critique: with decentralized finance, this could be the future of our financial system

Aave is a liquidity protocol that connects people who want to earn a yield on their digital assets with those who want to borrow these assets and pay that yield. How do you think decentralized finance (DeFi) will impact the financial system as we know it?

DeFi expands the application of cryptocurrencies and enables complex financial activities such as market making, synthetic assets, hedging, lending and trading derivatives. Bitcoin, as a simple bearer asset, can’t do that; by design its functionality is limited. You could say that DeFi delivers the promise of “the Internet of Value” that Bitcoin promised.

DeFi…