Changpeng Zhao himself called it "CeDeFi", "Centralized Decentralized Finance" while talking about it on Clubhouse. As to the point of it, it's mostly about re

Changpeng Zhao himself called it "CeDeFi", "Centralized Decentralized Finance" while talking about it on Clubhouse. As to the point of it, it's mostly about recycling the existing Ethereum ecosystem of dApps and allowing less wealthy people to play with it, even if the original motivation for it is lost. Kind of like a testnet network, except people put real money on it, and influencers mislead people about its real nature.