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DeFi, also known as decentralized finance, is a fascinating and rapidly growing industry at the cutting edge of modern technology. Spurred by the runaway success of Bitcoin and Ethereum, this new financial paradigm is threatening to completely upend the current global financial system.
Depending on who you ask, you may hear that DeFi’s end goal is to replace an archaic institution of inequality and fraud with a new system based on transparency, democracy and seemingly limitless upward mobility. So what’s the problem?
Well, as a burgeoning movement with elements of tech, finance and politics, there is no shortage of enemies. There’s also a serious drought of informed watchdogs or regulation, which has created a vacuum currently occupied…