Decentralized Finance (commonly referred to as DeFi) is a blockchain based and cryptographically secure form of finance. Inspired after the financial crisis of 2008, DeFi does not rely on central financial intermediaries such as brokerages, exchanges, or banks to offer traditional financial instruments, and instead utilizes smart contracts on blockchains, the most common being Ethereum. DeFi platforms allow people to verify any transfer of ownership, lend or borrow funds from others, speculate on price movements on a range of assets using derivatives, trade cryptocurrencies, insure against…
Read more46% Yes |
54% No |
32% Yes |
44% No |
8% Yes, but only if it’s truly decentralized and cannot be manipulated by any person, group, or government agency |
10% No, and I don’t understand the concept of decentralized finance |
5% Yes, but I would prefer if the protocol was created and secured by a government agency instead of a decentralized protocol |
|
1% Yes, this would reduce wealth inequality by providing more transparent, affordable, and inclusive access to financial services |
See how support for each position on “Decentralized Finance” has changed over time for 1.1k Canada voters.
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See how importance of “Decentralized Finance” has changed over time for 1.1k Canada voters.
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Unique answers from Canada users whose views extended beyond the provided choices.
@9C8YBHH11mos11MO
I don't understand the concept
@9BZ2SK611mos11MO
Yes, but only if it's properly implemented and reduces wealth inequality while benefitting the majority of the population
@998PFLK1yr1Y
I cannot process this what
@98V6CBW1yr1Y
No, just keep close tabs on companies thay offer these services so they dont become too greedy
@8Z9DNBG2yrs2Y
A mixed system is beneficial in my view.
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