Re:DeFi risks and the decentralisation illusion
by landemva on Tuesday December 21, 2021 @05:07PM
(#29642699)
Have you considered if much of this is due to debt-based currency?
If people hold valuable fungible tokens, it becomes possible to make collateralized loan products and even synthetic stable tokens such as DAI.
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Re:DeFi risks and the decentralisation illusion
by lottin on Tuesday December 21, 2021 @06:12PM
(#29643271)
I don't know what you mean by debt-based currency, but no I don't think that using tokens instead of currency changes anything. The process of granting and managing a loan is exactly the same regardless of whether the loan is denominated in currency or in some token.