For a long time, Ethereum has always been the leader of DeFi, but the high fees and complicated DeFi logic of Ethereum have prevented a large number of users from really participating in DeFi applications. And another application-based public chain, TRON, is too centralized. Projects that cannot be recognized by Justin are difficult to develop.
EOS, as a public chain with excellent performance, is more suitable than any public chain to undertake user groups that cannot be reached by Ethereum DeFi.

EOS's DeFi ecosystem has just begun, and the infrastructure is not complete. In addition, it has been criticized because the EOS contract can be modified after deployment.
However, with the emergence of a large number of EOS applications in the past two years, the current contract vulnerabilities are very rare. As long as the formal audit is conducted, the EOS contract security can be guaranteed.
The EOS contract can be modified after deployment, and it can be solved by multi-signature or private key destruction. Due to the emergence of multi-signature, the DeFi application on EOS is more flexible and reliable, and problems can be repaired in a more timely manner, and there will be no YAM Tragedy on Ethereum.

Compared with ETH, the current DeFi applications in the EOS ecosystem are still very rudimentary. The emergence of EFi will complement the DeFi shortcomings on EOS, and give full play to the application advantages of EOS at the same time. Applications such as games on EOS will take off again with DeFi.