1. Accessibility: DeFi can be accessed through the internet, so people with different backgrounds and others from another place will have access to financial products, which in traditional banks are impossible or too hard to be available.

2. Transparency: The transactions involved in the DeFi are going to be shown on the public blockchain, and they will bring clear visibility towards the process of finance thus building users' trust.
Effects on the Traditional Banks:

DeFi brings challenges but opportunities for the existing banks as well.

Regulatory issues: The whole DeFi works nearly within an unregulated environment hence, in most cases presents an issue in protecting the customers due to serious concern with safety and integrity of the monies and other assets except on issues related to market stability traditional banking is always regulation best. With the consistent growth of DeFi, surely much more concern in the aspect of attention and regulation control over such actions would continue to remain there until such actions by DeFi have complied under stipulations over an issue against the banking system may get adjusted or modified. The both services will definitely go there accordingly.