What Is CeFi?
Introduction When people talk about digital cryptocurrency, we may face cryptocurrency investment. The major players of cryptocurrency financial investment can be grouped into two broad categories, CeFi and DeFi, which stand for Centralised Finance and Decentralised Finance. One of the core philosophies of cryptocurrency is decentralization, which means no agencies in the middle but people can complete transactions directly between each other. "DeFi" is designed based on this philosophy, utilize smark contract, people can lend, earn, save, trade without any agencies, for example, banks in the middle. However, with the features of smart contracts, it may come with certain risks, such as investors may lose money because of the bugs of codes, get cheated by malicious actors. Moreover, people need to know some knowledge of cryptocurrency technology before taking part in DeFi. "CeFi", opposite concept to "DeFi", combines some attributes of DeFi, such as yield b...