Not Boring Founders: Exponential
"Age of Miracles"
00:00
Defined Risk
DeFi is building finance from the ground up with these Lego blocks. These Lego blocks need to be trusted without the need to trust humans. In order to have that, DeFi actually requires a lot of collateralization. And so something like FRAX has the same issue as Luna as USD in terms of having more liabilities than actually assets or more money printed than collateral.
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