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DeFi vs. CeFi refers to the fundamental difference between decentralized finance and centralized finance, which pertains to how financial services are offered to users. Here are some key points to consider:

• DeFi is a blockchain-based financial system that operates in a decentralized manner, without the involvement of any centralized entity.
• CeFi, on the other hand, is a centralized financial system, which involves a central authority that operates the system and provides financial services to users.
• DeFi aims to provide a more open, transparent, and accessible financial system that is accessible to anyone with an internet connection, without the need for intermediaries.
• CeFi, while offering more traditional financial services, tends to have higher fees, more barriers to entry, and is often subject to greater regulatory oversight.
• DeFi is still in its early stages of development, and while it presents many exciting opportunities, it also comes with risks such as security vulnerabilities and regulatory uncertainty.
• CeFi is a more established system, with greater stability and regulatory oversight, but it also involves greater fees and limitations in terms of accessibility.