nd reach. While customers may be drawn to CeFi’s perceived security and strength advantages, in an increasingly digital, global economy, if CeFi companies can’t keep up with the user expectations being set by DeFi technologies and protocols, their advantages may come to count for less among younger users and markets .
To avoid a slow slide into irrelevance — and to better serve their current users — DeFi companies should take a look at the aspects of CeFi consumers find most appealing. Below, 13 members ofDon’t play favorites A trusted intermediary is required for CeFi transacting, which means that the rules and regulations can be changed. Conversely, DeFi rules and regulations are immutably inscribed on the blockchain. This means that there are no “favorites” in the DeFi protocol. No matter who you are, if you are insolvent, you will be liquidated according to the protocol, not according to the whims of parties with vested interests.
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Chibi Finance vanishes with $1 million on Arbitrum network in apparent 'rug pull'Chibi Finance, a DeFi project on the Ethereum Layer 2 network, Arbitrum, allegedly executed a “rug pull”, absconding with about $1 million.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Chibi Finance vanishes with $1 million on Arbitrum network in apparent 'rug pull'Chibi Finance, a DeFi project on the Ethereum Layer 2 network, Arbitrum, allegedly executed a “rug pull”, absconding with about $1 million.
Source: TheBlock__ - 🏆 464. / 53 Read more »