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Less CeFi; More DeFi - The Daily Gwei #514

Etherum Reddit

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tldr; Anthony Sassano argues that DeFi is still the greatest innovation that Ethereum has given us - by far - and we all take it for granted. With CeFi services, you have absolutely no idea what’s happening to your money - essentially, once you deposit those funds into a CeFi platform, you get an IOU promise from the platform that may or may not be paid back at a later date.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.


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