Permissionless, Under-Collateralized Credit in DeFi
23 June 2025 admin
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DeFi’s most recent attempt at under-collateralized credit has catered to crypto privileged elites, i.e. hedge funds and trading firms, which typically borrow and reinvest in DeFi, creating a self-reinforcing build up of speculative bets on the collateral which underpins those loans.
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