$S $AAVE $UNI
𝐀𝐧𝐝𝐫𝐞 𝐂𝐫𝐨𝐧𝐣𝐞: “𝐃𝐞𝐅𝐢 𝐧𝐨 𝐥𝐨𝐧𝐠𝐞𝐫 𝐞𝐱𝐢𝐬𝐭𝐬, 𝐨𝐧𝐥𝐲 𝐨𝐧-𝐜𝐡𝐚𝐢𝐧 𝐟𝐢𝐧𝐚𝐧𝐜𝐞 𝐫𝐞𝐦𝐚𝐢𝐧𝐬.” 👀
Fantom founder Andre Cronje argues that many DeFi protocols have become more centralized and company-driven rather than truly decentralized.
He also pointed to DeFi TVL falling from around $167B in October 2022 to $75B currently.
Is DeFi becoming centralized — or simply evolving? 🤔
© Cointelegraph
𝐀𝐧𝐝𝐫𝐞 𝐂𝐫𝐨𝐧𝐣𝐞: “𝐃𝐞𝐅𝐢 𝐧𝐨 𝐥𝐨𝐧𝐠𝐞𝐫 𝐞𝐱𝐢𝐬𝐭𝐬, 𝐨𝐧𝐥𝐲 𝐨𝐧-𝐜𝐡𝐚𝐢𝐧 𝐟𝐢𝐧𝐚𝐧𝐜𝐞 𝐫𝐞𝐦𝐚𝐢𝐧𝐬.” 👀
Fantom founder Andre Cronje argues that many DeFi protocols have become more centralized and company-driven rather than truly decentralized.
He also pointed to DeFi TVL falling from around $167B in October 2022 to $75B currently.
Is DeFi becoming centralized — or simply evolving? 🤔
© Cointelegraph