Decentralized finance (DeFi) offers several benefits compared to traditional financial systems. One of the most significant benefits is increased accessibility to financial services. DeFi platforms are open to anyone with an internet connection, unlike traditional financial systems that may have high barriers to entry such as minimum balances or credit checks.

Another benefit of DeFi is the potential for lower fees. By leveraging blockchain technology, DeFi platforms can operate with lower overhead costs compared to traditional financial institutions. This can lead to lower transaction fees for users.

DeFi also offers increased transparency and security. Transactions on DeFi platforms are recorded on a public blockchain, which allows for greater transparency and accountability. Additionally, DeFi platforms are often built on decentralized architectures that reduce the risk of a single point of failure or hacking.

Finally, DeFi offers greater control over one's assets. Users have full control over their funds and can access them at any time, without the need for third-party intermediaries such as banks. This can provide greater autonomy and financial freedom for individuals.