The you think defi a a threat to the future of centralized finance? What's your opinion?
IMHO, In the present status of the DeFi projects, I believe it's not a treat. because today's Defi is just more on hype and no solid foundation to anchor it, Because there's a lot of issues to settle first like those fraudulent activities of those so-called DeFi projects that rampantly victimized investors it's a shame on their side and now claiming DeFi is a treat to centralized Finance no way I dont believe that crap.
The most important and should be their very concern is the security aspect. They are managing money and if their security is not that good then be ready for another hacking streak for these defi projects. Really, if a project that manages money couldn't do any better regarding their security they should just close down their defi project. It's crazy to think these people have the guts to create project even without any real experience regarding security. They should atleast consult to a security expert first because their system although forked many times still kinda garbage anyway.