What an interesting and well-written post on DeFi! 👏 I do like how you simplified it all to such an extent, and a person that is not yet acquainted with the concept of crypto can easily get a clear picture of what decentralized finance is all about.

I found that the most interesting fact is that you referred to the transparency and low costs. Indeed, that is the beauty of blockchain to provide individuals with financial freedom without having to rely on banks and middlemen. However, I also agree with you that every person should be careful about the cybersecurity risks.

This essay made me remember that each emerging opportunity presents its set of challenges, and it is only prudent to learn how to deal with either of them. My friend, thank you so much, it is a very useful and eye-opening post! 💡👏