# kaal:claim:3606663-027

**Claim.** DeFi is more efficient than existing financial intermediation including FinTech, and that superior efficiency traces to its extensive reliance on code and automation, which removes large parts of the human element and the errors and inefficiencies that come with it.

**Type.** mechanism  **Support.** argued

**Holds when.**

- comparison of DeFi with legacy financial intermediation and FinTech

**Source quote.**

> DeFi is more efficient than existing financial intermediation, including FinTech. Its superior efficiency can be traced to its extensive reliance on code and automation that remove large parts of the human element and the associated errors and inefficiencies.

**From.** Kaal, *Digital Asset Market Evolution* (2020), (2) Disintermediation Beyond FinTech, page 64

**Cite as.** Kaal, Digital Asset Market Evolution (2020). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3606663

**Verify.** sha256 of source PDF `d1d4a15a293b715bb6a5a32e689f59c3a1587915039ba9a1cf4eeb8ee2a1e57c` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202020%20-%20Digital%20Asset%20Market%20Evolution.pdf

**Topics.** defi, economics, decentralization

**Keywords.** defi, efficiency, automation, fintech, disintermediation

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