Defi vs Cefi - which one to use and trust? 去中心化金融（Defi）与中心化金融（Cefi）- 该选择并信任哪个？ 如果无法翻译，请原样返回。
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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.
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.
Machine translated
As a personal preference, I would choose Defi over Cefi. Defi offers more decentralization and transparency, which aligns with the original vision of cryptocurrency. With Defi, there is no central authority controlling the financial transactions, making it more trustworthy in my opinion.
As a personal preference, I would choose Defi over Cefi. Defi offers more decentralization and transparency, which aligns with the original vision of cryptocurrency. With Defi, there is no central authority controlling the financial transactions, making it more trustworthy in my opinion.
Machine translated