C5 Decentralized Finance - Defy

C5 centralized finance. What does it actually mean Defy? Okay. It has three main components, which is kind of like what happens when you take ideas from TrudFi and C5 and move them into Defy. The first one is that in Defy, you we took on the idea of like matching engines and back office and some central entity does whether that's the matching, etc. And instead you have smart contracts on chain. So instead of order flows and price feeds, you have transactions propagating around as blocks are added to the chain. If you want to be a competitive market maker or trader, then if you're co-located with Chicago, New York,