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Reflections on 2008 and Innovations in DeFi
This chapter reflects on the missed opportunities during the 2008 financial crisis and contrasts the allure of academia with the complexities of finance careers. It explores the innovative approaches to managing interest rates within decentralized finance (DeFi), particularly through control theory and PID controllers. Additionally, it addresses the challenges of assessing risk in lending while highlighting the cyclical nature of optimism and pessimism in the evolving DeFi landscape.