I've actually never seen a DEFI project that wasn't 100% controlled by the dev team.
Not even sure if that exists yet.
Unless you count Hive as a DEFI network... which it kind of is because of the upvotes and yield farming bandwidth... but doesn't yet have the AMM pools and the LP yield allocations.
It’s just ironic to me it’s called DeFi but most projects are centralized. I know there are some long term winners no doubt but many of these projects are based on claims that will not work long run.
Just isn’t true whatsoever. It depends on the project. To claim the overall space is decentralized isn’t factually true. Most of these things run on ETC chain which is 100% centralized which was proved after the dow situation. There are arguments to defend criticism but claiming there aren’t massive centralization issues with at least a good number of these things is laughable and not a serious statement. You are smart you know this.
I've actually never seen a DEFI project that wasn't 100% controlled by the dev team.
Not even sure if that exists yet.
Unless you count Hive as a DEFI network... which it kind of is because of the upvotes and yield farming bandwidth... but doesn't yet have the AMM pools and the LP yield allocations.
It’s just ironic to me it’s called DeFi but most projects are centralized. I know there are some long term winners no doubt but many of these projects are based on claims that will not work long run.
The concepts are fully decentralized.
The current implementations are not.
It's just a matter of time before the market gets it shit together.
I never thought these words would come outta my mouth 😂 I totally agree with The Fed!
Just isn’t true whatsoever. It depends on the project. To claim the overall space is decentralized isn’t factually true. Most of these things run on ETC chain which is 100% centralized which was proved after the dow situation. There are arguments to defend criticism but claiming there aren’t massive centralization issues with at least a good number of these things is laughable and not a serious statement. You are smart you know this.