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There is also an issue of complexity hiding the risk. I'm not convinced that DiFi solves this problem.
by exo762 6y ago
There is also an issue of complexity hiding the risk. I'm not convinced that DiFi solves this problem.
- vmception 6y agoIt doesn't solve the problem, most of the issues are related to current prices with oracles instead of not knowing any price. Services in the DeFi space introduce solutions to prior iterations of complex products hiding the risk. They aren’t trying to show how its better than traditional wall street, there is no one person or organization saying “eureka now we can offer the biggest CDOs since Lehman”, its new people picking up new tools building what the community wants, or else they dont have a community.