Personal Finance
What The Heck is Centralised Decentralised Finance (CeDeFi)?
By Seedly  •  September 24, 2022
Ever since we opened our first bank accounts, we would be familiar with how they work. You entrust your money to the bank for safe-keeping and in return, you get a bit of interest, access to their network of ATMs and a host of other services. That is Traditional Finance (TradFi). But these days with advancements in technology, many other “types” of finance have popped up, with the promise of more efficient, cost-effective and secure ways of transacting. There’s Decentralised Finance (DeFi), Centralised Finance (CeFi) and now a whole new type called Centralised Decentralised Finance (CeDeFi). what! Source: Tenor Yes, I know it sounds like an oxymoron. But what exactly is CeDeFi and why does it matter to you and me? Let’s find out! Disclaimer: The information provided by Seedly serves as an educational piece and is not intended to be personalised investment advice. ​MAS strongly discourages investing in...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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