Absolutely.
We are seeing one centralized custodian after another fall like dominoes from greed and overleverage, while characters like CZ are picking up the pieces and bailing out projects that have merit (for control of the underlying protocol, of course).
CeFi failed, DeFi like uniswap, PanCakeSwap and SushiSwap sale on. Uniswap passed Coinbase recently.
DeFi programs thrive on inflation, which everyone thinks is bad. I don’t agree. Hive survives and thrives on inflation. Cubfinance had to many farms sucking life out of it, PolyCub fixed that but I don’t know about deflationary Tokenomics. I guess we will see. I still think inflation is the killer app.
You said that, but I borrowed it…
Posted Using LeoFinance Beta