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Banking without Banks: Decentralized Finance is Coming

Azeem Azhar's Exponential View

CHAPTER

Why Do People Should Take Defy Extremely Seriously?

A few months ago, around the time that there was a meam stock and a rush of retail investors around gamestop, g m e, i think it was called. And at some point robin hood had to step in and say, no more trading. So what robin hood showed is that, a, people don't fully understand their counterparty risk. They don't care about their counterparty risk until something goes wrong. It's really in the bust, a part of the seasono a trend that people begin to value transparency as a risk management tool.

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