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Centralized Finance or CeFi are projects that operate like normal centralized organizations within the DeFi space. These are a mix between TradFi and DeFi.

CeFi examples include Celsius, Nexo, and BlockFi.

The advantages are that these are normally accountable companies and consumer protection might be available.

The drawbacks are that they can be shut down by centralised authorities.

See also Censorship Resistance.

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