The three main 'Fi's' in the #Web3 ecosystem:
🔸 TradFi
Traditional finance, or TradFi, is defined as the mainstream financial system and the conventional institutions such as retail, investment, and commercial banks, insurance companies, brokerages, and other regulated entities that operate within it.
🔸 DeFi
Decentralized finance (DeFi) is an emerging model for organizing and enabling cryptocurrency-based transactions, exchanges and financial services. DeFi's core premise is that there is no centralized authority to dictate or control operations.
🔸 CeDefi
CeDeFi is a combination of DeFi and CeFi, creating a unique blend that integrates benefits from both types of services. In essence, it allows you to explore DeFi services like lending, liquidity and yield farming at a much lower cost than standard DeFi platforms.
Here's in short we understand it, what they mean ⬇️
