Correct, and that is the best feature about it, there is no human involvement, totally decentralized so it cannot and will not be corrupted by bad actors, thieves, exit scammers or anything else you see that is bad in Crypto.


If you remove the ability for humans to make decisions you remove human nature and although the contracts are "smart" they have no desires to buy a new house or own a Lambo, they only do what they are programmed to do and these programmed instructions are there for all to see and it is working, not just well, but very well.