DeFi protocols VS CeFi platforms
The crypto lending market is constantly developing! But let’s try to figure out why that is. Why are decentralized financial protocols better than centralized ones when it comes to lending?
Now the problem is that everyone is talking about centralized and decentralized comparisons on cost,,, but nobody is talking about what people REALLY care about and that is safety and confidence.
Talk about Defi rugpulls and why they happen all the time and again with the same teams behind them. Why? There is no accountability in defi and not even a need to PROVE the decentralization (which is often not even true!).