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As far as I can tell, any defi project that isn’t an outright scam is just providing credit to people to speculate on cryptocurrencies. I’d be curious to see an
by earthtolazlo 6y ago
As far as I can tell, any defi project that isn’t an outright scam is just providing credit to people to speculate on cryptocurrencies. I’d be curious to see any counter examples. Otherwise it’s just turtles all the way down.
- anjc 6y ago> providing credit to people to speculate on cryptocurrencies ... turtles People do use it for leverage but who cares. It doesn't undermine the contracts, and certainly doesn't make the concept worthless. You can securely lend/borrow stablecoins globally with zero middlemen. What you do with the credit/interest is your own business.