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Bankless
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From DeFi to CeFi: Navigating Financial Turmoil
This chapter explores the contrasts between traditional finance and decentralized finance, with a focus on DeFi's resilience during liquidation events. The conversation highlights the volatility of NFTs and the repercussions of significant failures in the crypto banking sector, including the collapse of Three Hours Capital and BlockFi's acquisition by FTX. Overall, it emphasizes responsible investing and the varying levels of risk management among finance firms amid an evolving landscape.
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