Neo finance sounds high-end, but it's actually just the infrastructure of traditional finance combined with the user experience of crypto, plus a bunch of new intermediary institutions. It sounds like it solves problems, but in reality? Many times it's just for selling stories.

Let's break it down: which things are genuinely improving market efficiency, which are purely conceptual hype, and—most importantly—where are the traps that can silently cause you to lose money. Many people only realize after getting in how many loopholes this new model exposes.