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None of the well-regarded DeFi protocols have blown up during this crash, while several centralized funds/lenders have. This is proving out the inherent resilie
by ETH_start 4y ago
None of the well-regarded DeFi protocols have blown up during this crash, while several centralized funds/lenders have. This is proving out the inherent resiliency of decentralized finance.
LUNA/UST was nominally a DeFi system that blew up, but not well regarded, with many in the DeFi space warning that its design was fundamentally flawed and would lead to a death spiral, not least of all, the founder of the largest stablecoin project, MakerDAO/DAI:
https://twitter.com/RuneKek/status/1478166276979793922 https://twitter.com/RuneKek/status/1478166276979793922
- abrichr 4y agoDoes that mean this is good for Bitcoin DeFi? https://decrypt.co/resources/what-is-bitcoin-defi-and-how-does-it-work https://decrypt.co/resources/what-is-bitcoin-defi-and-how-do...