⚠️ Vitalik defines a strict definition of true DeFi: DeFi is not just yield $USDC or simply depositing USDC in #Aave. Algorithmic stablecoins can only be accepted if they reduce counterparty risk or are over-collateralized and diversified. ✔️ The idea is not yield… but reducing systemic risk. 💯
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🚨 After previous disasters 🚨
⚠️ Vitalik defines a strict definition of true DeFi: DeFi is not just yield $USDC or simply depositing USDC in #Aave.
Algorithmic stablecoins can only be accepted if they reduce counterparty risk or are over-collateralized and diversified.
✔️ The idea is not yield… but reducing systemic risk. 💯