Advantages of DeFi: Permissionless: Anyone with a cryptocurrency wallet and internet connection can access DeFi services globally, enabling seamless asset transfer without traditional bank delays or fees. Lower costs: DeFi eliminates intermediaries, reducing transaction costs and fees associated with traditional finance. Anonymity: Users can trade cryptocurrencies without undergoing KYC procedures, protecting their identities. Privacy and security: DeFi transactions are recorded on public blockchains, ensuring high security and confidentiality through wallet addresses.