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DeFi vs. CeFi: Decentralization for the win?

Published 08/25/2022, 09:48 AM
Updated 08/26/2022, 10:20 AM
DeFi vs. CeFi: Decentralization for the win?

The collapse of crypto shadow banks like Celsius demonstrated just how problematic centralized, opaque finance can be, says Sunny Aggarwal of Osmosis DEX.

Centralized finance platforms have taken a huge credibility hit due to poor risk controls, but decentralized finance protocols havent escaped unscathed either. So, is DeFi or CeFi likely to emerge stronger from this current period of turmoil, or is the future likely to see some sort of hybrid of the two?

In the battle between DeFi and CeFi who will emerge victorious?

How did DeFi perform?

Secure the funds

List of bounties on Immunefi. Source: Immunefi
The 2021 Cosmoverse Conference in Lisbon. Source: Cosmos

Why not both?


Despite the bear market, the Algorand blockchains TVL continues to gain steam. Source: DefiLlama

Nah, lets go DeFi

Magazine profiled the founder in The adventures of the inventive Alex Mashinsky.
The Genius Yield ISPO dashboard. Source: Genius Yield

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