The solution is called the โinternet financial system,โ or IFS, which combines the best of DeFi and traditional finance (TradFi) in one unified network. An idea championed first by Chris Burniske, IFS is built on open crypto rails and preserves blockchainโs most important attributes such as decentralized settlement, self-custody, transparency and composability.
What DeFi Must Sacrifice to Appease Regulators