How Bitcoin and DeFi are Completely Different Phenomena

Decentralized finance (DeFi) applications, specifically on Ethereum (ETH), have exploded in popularity over the past couple of years. While bitcoin appears to be here to stay as a global, apolitical store of value, the basic idea behind DeFi is to go beyond the creation of a new, base monetary asset and bring a greater degree of decentralization to other areas of finance (or at least the appearance of decentralization).

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