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What is the concept of DeFi? To me, DeFi is Decentralized Finance operating on the blockchain without intermediaries. All transactions and source code are publicly available on the blockchain. In fact, every DeFi system contains an element of trust. The issue is not whether trust exists, but whether it is created or hidden behind a decentralized facade. Explore Concrete at https://concrete.xyz/ for more details.
Concrete’s design presents a deliberate trade-off: operational responsiveness versus the ostentatious display of decentralization. A completely decentralized governance framework with on-chain time locks may seem robust, but it cannot react to attacks, oracle errors, or counterparty events in critical timeframes. All transactions are fast and open source. The code in Concrete is quite secure and trustworthy. Please feel free to check it out.
