> How hard do you think it is for I as an Australian to build a financial firm that interfaces with Bank of America or the NYSE? It's almost impossible. In DeFi

> How hard do you think it is for I as an Australian to build a financial firm that interfaces with Bank of America or the NYSE? It's almost impossible. In DeFi I can spin up my own app in days This sounds nice in theory, but aren't most of the guard rails of the financial institutions for complying with government regulation? If anyone could interface with these companies then it would be too easy for abuse. USG is not going to let that happen, which is why these DeFi applications will be limited to unregulated cryptocurrencies where the user will have to trust the "bank" that has no Federal Reserve backing. > Aave is used for being able to borrow against your crypto assets... You can also just deposit your assets and earn interest on them. Why would any crypto supporter want to hold their decentralized currency in a centralized exchange after the FTX fiasco