[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

Search:


View post   

>> No.52424379 [View]
File: 57 KB, 567x777, 1668420347238.jpg [View same] [iqdb] [saucenao] [google]
52424379

>>52424286
Anyone who claims that the problem is solely because of CeFi platforms and that DeFi is the solution, is beyond redemption at this point. Chasing DeFi yield is exactly how FTX, 3AC, Luna, Celcius, and Voyager all went bust. The CeFi platforms were just packaging up the food token yield farming in a platform that seemed more palatable for sophisticated investors. If you follow the money, it all ended up as "yield" in degenerate DeFi platforms.

In TradFi, the same shit happens too. But they are at least smart enough to lobby the government with a monopoly on money to bail them out by printing the difference.

Navigation
View posts[+24][+48][+96]