Lesson 3 – Principle 1: Permissionless Access

No gatekeepers. No exceptions.

A true DeFi protocol should be open to anyone, anywhere no sign-ups, no approvals, no discrimination. That’s what makes Ethereum global and unstoppable.

When gatekeepers appear asking for KYC, blocking countries, or restricting wallets what you’re using isn’t DeFi anymore. It’s CeFi in disguise.


Examples:

  • Uniswap -> anyone can swap, no permission.

  • Centralized exchanges -> block users, require ID.

Reflection Prompt:
  Could anyone in the world use your favorite protocol?


Scoring:

  • 0 = requires permission/KYC

  • 1 = partly open, with restrictions

  • 2 = fully permissionless


Complete and Continue