DeFi's Dirty Little Secret

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In this video, I discuss the irony of "decentralized" protocols like Aave and InstaDApp having corporate headquarters, a CEO, and legal counsel.

It is quite likely that your favorite "DeFi" protocol has all of these, in addition to having a developer back-door, rollback machine, or pause button.

Thorchain was "decentralized" until someone realized that they have a pause button too.

Not investment advice! Consult a financial advisor.

Why DeFi Is A Lie (The Emperor Has No Clothes):
https://www.youtube.com/watch?v=RD-I954LOPk&ab_channel=TraderUniversity

DeFi pulse:
https://defipulse.com/

Aave's headquarters:
https://aave.com/term-of-use

Aave's CEO:
https://www.rblt.com/fintech-summit-biography/stani-kulechov#:~:text=Stani%20Kulechov%20is%20the%20Founder,impact%20the%20traditional%20financial%20system.

Aave's General Counsel:
https://www.linkedin.com/in/rebecca-rettig-8b90a284

InstaDApp has a pause button:
https://instadapp.io/terms

Thorchain:
https://thorchain.org/

Thorchain has a pause button:
https://decrypt.co/76097/thorchain-drained-25-million-ethereum

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#DeFi
#Ethereum
#Bitcoin

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Видео DeFi's Dirty Little Secret канала Bitcoin University