Hi. I would like to ask which one would you trust more Defi or Cefi and why??
I personally would trust more with Defi only because the gain you can get is more lucrative and I am responsible for my funds that means I can pull them back whenever I want without any explanation. Officially with Defi there is no Kyc needed for those who value their privacy. But there is always a risk involved such as code may have a bug or protocol can be hacked or creators can escape with money and there is no one who can help you recover your funds. Thinking of big investments, funds institutions and businesses I think they will trust Cefi more because there are some people behind each project who can help when something goes wrong.