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 more49% Yes |
51% No |
35% Yes |
41% No |
10% Yes, but only if it’s truly decentralised and cannot be manipulated by any person, group, or government agency |
10% No, and I don’t understand the concept of decentralised finance |
4% Yes, but I would prefer if the protocol was created and secured by a government agency instead of a decentralised 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 1.2k Australia voters.
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See how importance of “Decentralized Finance” has changed over time for 1.2k Australia voters.
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Unique answers from Australia users whose views extended beyond the provided choices.
@92DPRNZ2yrs2Y
I am leaning towards yes, but this uses a lot of processing power and therefore energy
@92DNLYH2yrs2Y
No, because banking systems should be subject to government regulation, and should not have an outsized environmental impact
@aicro2yrs2Y
I don’t understand the concept of decentralised finance.
@8WFF26D3yrs3Y
I would prefer to educate myself more on this topic before answering
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