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TermMax Daily Topic: Is the endgame of DeFi more like traditional finance or less? Many people ask: Once interest rates, credit, and structures are established, will DeFi become "another form of traditional finance"? The answer is: It will resemble it, but not be the same.
What it will resemble: interest rate systems; yield structures; risk pricing;
What it will not resemble: transparency; composability; openness;