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When I read about DeFi I imagined it to be something very different from this. This does not sound sustainable at all. It does sound like a confirmation that th
by samvher 6y ago
When I read about DeFi I imagined it to be something very different from this. This does not sound sustainable at all. It does sound like a confirmation that this is growing very rapidly.
- dingus9 6y agoA system where borrowers post $250k collateral to borrow $100k, in theory, sounds more sustainable than traditional lending models where a handful of large borrowers defaulting can start a domino effect until a central bank steps in and punishes taxpayers to bail out lenders that took on too much risk. It's interesting to watch the progression of DeFi projects as they're being developed. Being an early adopter in experimental financial technologies has its own set of risks, but at least these risks don't affect non-participants.