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What is CeDeFi?

The acronym CeDeFi stands for "Centralized Decentralized Finance." It alludes to the combination of CeFi and DeFi, resulting in a financial system that combines their finest qualities.

CeDeFi gives customers access to a variety of DeFi products, including liquidity aggregators, decentralized exchanges (DEXs), yield farming tools, and lending protocols, just like DeFi protocols. Additionally, it allows users to continue taking use of CeFi systems' benefits. Any CeDeFi initiative will go toward centralization, much as CeFi. This indicates that it will be run by a single or a limited number of entities.

Some of the most common CeDeFi protocol examples include Synthetix, MakerDAO, and Compound. In actuality, they are all based on the Ethereum blockchain technology.