Still, it doesn’t mean they have nothing to learn from centralized finance companies. While CeFi has the advantage of more familiarity and a long history, those aren’t the only reasons it can still outperform DeFi when it comes to attracting new users.
It’s not a disservice to DeFi for its leaders to look closely at what users rely on and value in CeFi services. Below, nine members of discuss lessons DeFi companies would be wise to learn from CeFi companies, and how doing so could boost their chances of success.The recent crypto carnage has largely been within CeFi and has fractured years of trust CeFi companies built with users — trust that must now be repaired. Though DeFi’s structure is inherently immune to some of CeFi’s missteps, DeFi companies should not assume user trust upon inception.
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