*https://medium.com/coinmonks/the-true-power-of-defi-composability-14fe8355e0d0*
Oxjim, April 2021
Source: Forbes
As always, this article is made for educational purposes. This does not constitute financial advice nor trading advice. Past performance does not indicate future results.
Do not invest more than you can afford to lose. This is not financial advice; always do you own research :)
Poll 100 crypto enthusiasts what is the most interesting and compelling part about DeFi, and you’ll get a slew of answers.
Some will say decentralized — duh. We’re reimagining the financial system without any intermediaries, freeing ourselves of relying on third-parties to own our data and our money.
Some will say its global nature. Because of the lack of intermediaries, we’re free to send money to and receive money from anyone in the world — creating a truly global economy that the Internet imagined nearly 50 years ago.
Some will say decentralized — duh. We’re reimagining the financial system without any intermediaries, freeing ourselves of relying on third-parties to own our data and our money.
Some will say its global nature. Because of the lack of intermediaries, we’re free to send money to and receive money from anyone in the world — creating a truly global economy that the Internet imagined nearly 50 years ago.
Composability. I’ve mentioned that word a ton on several of my blog posts. Now it’s time to dedicate some time to digging into what it means.
It’s definition from [Wikipedia](https://en.wikipedia.org/wiki/Composability#:~:text=Composability is a system design,to satisfy specific user requirements.):
Composability is a system design principle that deals with the inter-relationships of components. A highly composable system provides components that can be selected and assembled in various combinations to satisfy specific user requirements.