DaneElliot, POFIDDAO community initiator: DeFi is in the early stages of development and will be integrated with CeFi for long term development.

On September 10, 2020, the Greater Bay Area Blockchain Investment Summit was held in Shenzhen. Dane Elliot, founder of the POFID DAO community, has been invited to attend the “DeFi vs CeFi” thematic conference. When discussing the differences between DeFi and CeFi, he said DeFi was at an early stage of development. DeFi is hot, but still a small business, so if you want more users in a bigger market, you have to provide CeFi for it. . However, DeFi has many advantages, compared to mid-sized banks, DeFi platforms are flexible and perform well due to their larger capacities. Elliot added that the blockchain market is open to everyone and everyone has access to all aspects of the market. If DeFi is to replace CeFi, it will have to solve an issue that middleware cannot: privacy. Finally, Elliot wrote about the future of DeFi and CeFi in one sentence.