DeFi Didn't Break with Dan Morehead & Joey Krug
Bankless
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CeFi vs DeFi: Lessons from Financial Turmoil
This chapter examines the recent upheaval in centralized finance (CeFi) within the cryptocurrency sector, focusing on major bankruptcies and their consequences for the financial landscape. It contrasts the failures of CeFi with the resilience of decentralized finance (DeFi), exploring the inherent risks and misconceptions presented by mainstream media. The discussion highlights the lessons learned from historical financial crises, emphasizing the self-correcting nature of DeFi and its advantages in mitigating risks.
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