Ninjastic
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Board Tokens (Altcoins)
Re: [ANN][IDO] DECENTRALIZED LENDING, GOVERNANCE, AND FIAT LIQUIDITY DAPP
by
Hornburg
on 31/08/2020, 23:50:24 UTC
Quote from: Chappas on August 30, 2020, 08:45:04 AM
Quote from: Hoesis.USA on August 29, 2020, 02:06:10 AM
Quote from: putudavid on August 24, 2020, 05:36:08 PM
the biggest risks of DeFi applications is,The smart contracts could be hacked.There could be a backdoor that allows someone to steal all of  keys. What is the backup plan for this you have.Because we have to trust this and we need reason for that.
The use of peer-to-peer intermediaries allows to circumvent limitations inherent to DeFi, where the protocol cannot recover a borrower’s loan outside of the blockchain.

I’d like to see non custodial solutions like compound compete with custodial ones for interest rates on assets like ETH and BTC (and ideally with that, a noncustodial WBTC solution). Not sure what that would take given higher rates on sites like Celsius or BlockFi are because they are managed. The true defi future to me is more totally trustless, KYC-less financial products with more blockchain options across a variety of chains.