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 more68% Yes |
32% No |
43% Yes |
21% No |
19% Yes, but only if it’s truly decentralized and cannot be manipulated by any person, group, or government agency |
11% No, and I don’t understand the concept of decentralized finance |
6% Yes, but I would prefer if the protocol was created and secured by a government agency instead of a decentralized protocol |
|
0% 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 166 Philippines voters.
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See how importance of “Decentralized Finance” has changed over time for 166 Philippines voters.
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Unique answers from Philippines users whose views extended beyond the provided choices.
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Only when the decentralized protocol is proven to be sustainable, and provides clear advantages over the current system.
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