Inside the DeFi Vending Machine

Inside the DeFi Vending Machine
Imagine the public astonishment when, in the early 1920s, vending machines started dispensing soda into cups. Instead of going to the counter of a soda shop and ordering their favorite drink, thirsty customers could now use coins, push some buttons and, voilá, out came the beverage.As Nick Szabo quipped almost 25 years ago, these revolutionary automated machines can be seen as the ancestors of the applications and smart contracts now running on the Ethereum blockchain and enabling the rise of decentralized finance, or DeFi. In this sense, DeFi is like a full-line vending space where several automated machines, now digital,…