Is the Decentralization in DeFi an ‘Illusion’?
The Breakdown
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Defy Risks and the Decentralization Illusion
The bank for international settlements has a new research piece out about defy as part of its latest quarterly review. Defi is touted as a new form of intermediation in crypto markets. Simon taylor says, the big report from b i s on d concludes it's too small to be a financial stability risk,. But also it doesn't have really big middlemen who can absorb shocks. Mark j chevinsky goes harder, saying, when i look at the villains of crypto, those who aren't just uninformed, but who are truly opposed to change, i know we're on the right track.
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