DeFi Will Devour Centralized Credit Markets

Credit drives the world For hundreds of years, credit markets have been one of the main driving forces of economic development. As early as 1780 BC, farmers in Mesopotamia used their farms as collateral to borrow money, obtaining cash flow until the next harvest (these were the earliest "Yield Farmers"). - Source: Livescience - Today, credit has become an indispensable part of healthy financial development. We need credit to achieve long-term goals and build long-term businesses.