Self Custodial Bitcoin Finance with Matthew Black of Atomic Finance (SLP519)
Stephan Livera Podcast
00:00
The Case for DeFi and Risks Involved
In this chapter, they discuss the case for why DeFi is needed and the concerns surrounding it. They compare the centralized finance (CFI) model, which has experienced large losses, to the decentralized finance (DeFi) model, which has had smart contract hacks. They highlight the importance of understanding the underlying architecture and the level of decentralization in DeFi.
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Transcript
