People naturally pegged the responsibility to irresponsibly overleveraged hedge funds and lending platforms. The problem is centralized finance, or CeFi, cosplaying as DeFi, they said, and there are no issues with DeFi proper. However, the idea that “this time will be different” and that financial actors would all act sensibly once DeFi “wins” is the deluded logic of the addict.
The One Word That Defines Ethereum’s Goals
