Decentralized finance (DeFi) promises to revolutionize the global financial system by providing financial services without intermediaries. DeFi platforms are based on blockchain technologies and smart contracts, allowing for process automation and cost reduction.

Vitalik Buterin, co-founder of Ethereum, is one of the main proponents of DeFi. He notes that "DeFi provides an opportunity to create more open and transparent financial systems where everyone can participate" Buterin, CoinDesk.

Ella Seppala, a professor at Yale University, argues that DeFi can promote financial inclusion by providing access to financial services to people who do not have access to traditional banking systems. She notes that "decentralized finance can help reduce economic inequality and provide new opportunities for economic growth" Seppala, Yale.