DeFi has much to offer the world of finance. That DeFi smart contracts worked as promised in these highly stressed market conditions to keep intact the “systems” – if not the prices – is a good proof of concept on which to build a more robust, viable system. When you remember how, in scandal after scandal, Wall Street’s centralized intermediaries have bilked the global financial system for more than a century, it’s easy to see benefits of markets, rather than opaque gatekeepers, setting prices and rates.
CeFi Broke. But DeFi Is Not Without Blame
