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1/ Why I prefer "open" to "decentralized" finance.

Decentralization of finance is a spectrum enabled by

1) distribution of trust/responsibility
2) transparency

Not all #OpFi will be 'fully' decentralized.

But what makes it sufficiently different is transparency.
2/ This transparency will not be easily accessible to all.

It will be shrouded in the complexity of code and mechanism design.

But it will undoubtedly be more open than the closed, centralized systems of today.
3/ This transparency should in theory lead to

* Easier auditability >>
* Better risk management >>
* Better governance >>

And ideally -- through much trial and error -- simpler, more effective *core* financial systems.
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