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#48 – Michael Bentley on Euler, credit, and natural selection

Into the Bytecode

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Revolutionizing Decentralized Finance

This chapter examines the innovative design of decentralized finance, highlighting the Euler protocol's unique vault system that enables users to tailor their lending and collateral strategies. It contrasts local governance with global paternalism in managing risk and collateral structures, emphasizing user-defined preferences and the emerging market dynamics. The discussion also reflects on the intersection of crypto and traditional finance, particularly focusing on the potential of tokenization, smart contracts, and trusted execution environments to enhance security and transparency in financial transactions.

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