DeFi lending's making a comeback faster than I expected. But here's what's bugging me—how exactly is this wave different from the Luna disaster, or the Celsius and BlockFi implosions we saw before?
The real question: where's the yield actually generated? Is this sustainable revenue, or just another leveraged house of cards propped up by some "top-tier crypto fund" passing risks around in circles?
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
DeFi lending's making a comeback faster than I expected. But here's what's bugging me—how exactly is this wave different from the Luna disaster, or the Celsius and BlockFi implosions we saw before?
The real question: where's the yield actually generated? Is this sustainable revenue, or just another leveraged house of cards propped up by some "top-tier crypto fund" passing risks around in circles?
Fool me once, shame on you. Fool me twice...