2min chapter

Patrick Boyle On Finance cover image

Is DeFi Really Decentralized?

Patrick Boyle On Finance

CHAPTER

Defi and Cryptocurrency in the Wild West

Last week users of sawland, a lending platform on the salana block chain, proposed taking control of the wallet of its largest user. This was an unprecedented move in the defi orld. It showed that at least right now, dfi and crypto in general, is much more centralized than you might expect. We'll also discuss whether these new financial systems are likely to ever become truly decentralized in main stream.

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