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…
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Province/Territory
Response rates from 1.7k Canada voters.
48% Yes |
52% No |
35% Yes |
43% 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 |
4% 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 |
Trend of support over time for each answer from 1.7k Canada voters.
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Trend of how important this issue is for 1.7k Canada voters.
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Unique answers from Canada voters whose views went beyond the provided options.
@9QZCYDN5mos5MO
I think that if people want to use that that's fine, but our whole financial system shouldn't switch to it as it's still young and unreliable with less security and oversight
@9BS8F8B2yrs2Y
I like the idea of a decentralized financial system but only if it's backed by gold.
@9BM59652yrs2Y
No, It would be too uncontrollable and open to hackers.
@8ZSJL5B3yrs3Y
No, these should be owned by the government (basically nationalized)
@8ZKF7MJ3yrs3Y
I think its good but also bad in some ways
@8Z9DNBG3yrs3Y
A mixed system is beneficial in my view.
@8YZQW4Z3yrs3Y
No, and the existing financial system should be dismantled
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