According to BlockBeats, on August 28, Andre Cronje, Director of the Fantom Foundation and current Chief Technology Officer of Sonic Labs (formerly Fantom), published an article titled 'Why DeFi?' on social media, explaining his optimistic view on decentralized finance (DeFi). In the article, Cronje emphasized that the core of finance has always been about empowering idle assets and putting them to use. He pointed out that due to fraud, crime, and evolving societal norms, it has become increasingly difficult to determine whether a borrower is a 'respectable person.' For newcomers to the traditional financial system, often referred to as having a 'thin file' in credit agency terms, this means there is insufficient data to assess creditworthiness, making it unlikely to obtain loans or resulting in exorbitantly high interest rates. However, DeFi does not concern itself with these issues. DeFi does not judge; according to system rules, everyone is treated equally, and the rules are open and transparent for all to see. If a user's mortgage application is rejected by a traditional bank, they might not even know why. But if a DeFi loan is denied, the reason will be clear. In DeFi, users do not need to be accredited investors to participate in the market, do not need to live in New York, work on Wall Street, or deal with shady behind-the-scenes transactions or brokers. What you see is what you get. DeFi is a core building block of a decentralized society, and this is just the beginning. Developers have more work to do until key industries in the market are on-chain, freely accessible, transparent, and open to everyone.