Carol Tarr — Portfolio Manager — Decentralization drives much of the promise behind Web3, offering the promise of a “bankless” and “permissionless” future meaning to operate without the need for centralized banks or government oversight. Although one may think that Decentralized Financed (DeFi as opposed to TradFi or Traditional Finance) is all about crypto-derivatives, yield-farming and speculative “moonshots” making millions overnight on dog-meme coins, you might be surprised to learn that DeFi offers new and innovative opportunities for solving old inequalities.