This is a wonderful quality - this sort of transparency also encourages regular people to become more educated about the technology and its operation, hopefully over time creating a more responsible user base.
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One of the most important benefits, in my opinion, is the potential for creating systems where participants have āskin in the gameā, meaning that they share the downside risk (as opposed to passing on the risks to others like in traditional bank/govt models). With increased (personal) accountability, all sorts of new and interesting ideas become possible.
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Yes I like this having skin in the game is taking and sharing responsibility, there is a common (worldwide ecosystem. Also the possibility of managing taxes in a way that is usually only for HNWI . Of course the regulators are getting in but those who will do their own work can do pure DeFi on any scale, really encouraging.
Another benefit is Custody. We hold our funds in a secure hardware key / digital wallet instead of keeping our bags in a bank. 
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Great point. Proper risk management is key to benefit from the opportunities available in the DeFi space. I see this as one of the main challenges in asset allocation, but also an opportunity to continue learning and understanding.
i think the introduction to NFT Defi will also bring a whole bunch of interesting benefits as it develops. I believe Crypto Punks are being used to āstakeā and allow others to purchase fractions of said Punk.
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This is, for sure, a great benefit and has helped re-assured me on transactions when other platforms are running too slow.
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Another benefit is that virtually anyone can come up with an (open-source) DeFi Dapp, perhaps with a new, unique feature. Therefore, users can decide where to put their funds, and not be limited to current ādryā options.
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Answer: tech benefit
- can access anytime as permissionless for everyone (no open hour like bank),no identity verification
- All transactions are final. when you paid someone, you canāt reverse transaction.
Defi is interoperable and composable.You can do anything same as bank service on defi like trading and Yield farming.Every transaction is transparent.
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- Global single currency in the future, used to distribute funds in a transparent way.
2.Anyone in Any country could lend out or purchase an asset in another country without having to go through all sorts of middlemen. - Part ownership of assets from around the world. You could build up wealth through such asset purchases, without any of the bureaucratic hurdles
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Its not only trustless and a advantage for all the participantsā¦one more advantage is that everybody is able to build on DeFi and to bring innovations.
ThatĀ“s true. Its not such a scam like many things happening in the traditional marekts. Nobody knows why which things will be done and what are the banks and institutuions contracts, yields, etc. Its not transparent at all. Institutions are not playing a fair game and take too much money and benefit from us. DeFi changes that.
easy getting a loan without filling in all the paperwork
- Many options of generating yield without having to lock up your money for a long period of time, which might happen in CeFi if you are looking for a decent APR
- No middle man
- No monthly subscriptions to use a certain service
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āA positive social trendā: I havenāt thought about it this way before, I totally agree (it is now a trend among crypto enthusiasts, I hope in the future it becomes a trend among anyone who ever used a bank! 
)
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One particular benefit that I thought was very interesting and cool, was the interoperability and composable part of defi, the fact they work together and build on one another is just a recipe for a fast track to success for everyone, and over all adoption.
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Anyone can use it to send, receive coins/tokens. This helps ābankā the unbanked.
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DeFi could provide an alternative financial system for some third world countries, whose system is not reliable.
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Itās constant expansion and growth keep you on your toes and push you to research and study.
While navigating risk and having a good long-term investment token, one can still reap value and gain financially even with paying small fees to an exchange. The fees are ultimately covered from the value a token is gaining over time.
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