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The $43 Billion Question: What Happens When You Replace Your Bank With Code
DeFi Mar 25, 2026

The $43 Billion Question: What Happens When You Replace Your Bank With Code

DeFi protocols now hold $43 billion in user deposits. But what's actually inside those smart contracts — and whether they can genuinely replace your Chase account — requires more than a surface-level explanation. Here's the concrete breakdown of how each banking service translates into protocol code, what the rates actually look like in today's market, and the exact failure modes nobody warns you about.

#defi#decentralized finance#defi protocols