3min chapter

Bankless cover image

Merge vs. Macro with Travis Kling

Bankless

CHAPTER

Defy, Defi, and Cryptocurrency Lending Platforms

There's no such thing asis under collateralizedor un collateralized lending. And defi did pretty damn good through all this. But defy was not the cause of that, of that unwind. It was the inherent opacity of those centralized bar lending platforms that enabled that under and on collateralized lending that caused that blow up.

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