If everyone actually went though the hassle of learning about DeFi, we wouldn’t have CeFi in the first place

Sure, for now, we still need centralized exchanges for on-ramping and off-ramping. But that doesn’t justify why CeFi TVL is so freaking huge when DeFi is a way more superior means of finance.

CeFi works in a way that is completely opposite to what crypto was created to serve in the first place.

The reason cryptocurrencies became a thing 13 years ago was to get rid of central authority controlling our capital the way they see fit.

By investing in centralized finance, we’re literally making the concept of crypto irrelevant.

But still, people invest in CeFi anyway because they’re either too intimidated or too lazy to learn about DeFi in the first place. Sure, there are many complicated things to learn about and mistakes are usually irreversible but once you get the hang of it you have full access to the benefits that DeFi can provide all of which isn’t available with CeFi.

Then there are people who talk about how CeFi has cheaper fees but I think this argument is slowly becoming more and more irrelevant and redundant simply because L2s are doing a great job scaling the DeFi space and are only getting better day by day.

Many of the major DeFi applications are resorting to L2s.
Some of the most popular ones are Polygon, housing over 37,000 dApps with some like AAVE, Curve, Uniswap, and Quickswap.

They’re all benefiting from all the scaling solutions offered by Polygon.

Overall, DeFi is just superior to CeFi in every shape or form so it doesn’t make sense for so many people to use CeFi.

The main reason they do so is exactly as mentioned in the title. They don’t want to go through the hassle of learning even though it ends up paying off incredibly.