Is DeFi Really Decentralized?

Patrick Boyle

Is DeFi Really Decentralized?

Get PIA VPN with 82% off + 3 months Free only with my link: e Last week, three DeFi (decentralized finance) groups stepped in with emergency plans to protect their projects and users from economic turbulence in the face of collapsing cryptocurrency prices. These DeFi crypto networks which had pledged to put users in control ended up taking charge themselves in order to survive the ongoing crisis in the digital asset market. Patrick’s Books: Statistics For The Trading Floor: 0 Derivatives For The Trading Floor: F Corporate Finance: Patreon Page: e Visit our website: www.onfinance.org Follow Patrick on Twitter Here: e Patrick Boyle On Finance Podcast: Spotify: b Apple: 3 Google Podcasts: e Join this channel to support making this content: n

10 thoughts on “Is DeFi Really Decentralized?”

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  2. Select group gets together and gives its self “emergency powers” that they say is for everyone elses protection – sounds just like the government

  3. Gen Xer complaining about a "participation trophy" generation to describe grifters in their 40's lmao okay. The analysis is on point but the weird cultural commentary is pretty embarrassing

  4. 8:55 I was told to be more positive and look for content more positive, but this is just my cup of tea what Patrick does😅

  5. Always good to hear your thoughtful and logical analysis. I don't care about bullish or bearish market. Trade a small percentage of your portfolio rather than going in and out every couple weeks trying to time the market trading went smooth for me as I was able to raise over 8.4 BTC when I started at 3 BTC in just few weeks implementing Colson Delcan's daily trading signals and tips..

  6. The first point about solend is actually a pro for decentralisation. Allow me to explain. Decentralisation doesn’t mean “set and go” without any form of intervention to you or the protocol. It means no centralised party with the unilateral power to intervene. Why this recourse would have been decentralised and was is because the decision was democratically decided on. The miners who maintain the servers voted in favour and adhered to the communitys wish for an alternative solution.

    Centralised brokers do this all the time to the frustration of regular folks who are on the other end of the intervention. Think of what Robinhood did and why they saw a tremendous drop in users and earnings.

    With decentralised protocols we can now collectively decide whether to intervene, to mitigate or do nothing. This is the reason for the huge growth in popularity and why the risks you mentioned are worth it to so many.

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