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#181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks
Lex Fridman Podcast
Decentralized Financing Provides Complete Transparency
The first thing that DeFi provides is complete transparency over what's going on with your financial product. The centralized financial system is very good at hiding it and packaging things in a glossy wrapper, creating a boom than a bust. Decentralized finance is built on infrastructure that forces transparency such that everyone can understand what the financial product does from day one. If you don't like how something's going in that protocol, you can remove it. And then the final thing to know about DeFi is that DeFi is inherently global and actually right now provides better yield globally.
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