DeFi Is the Answer to the FTX Crisis—But We Must Get Better at Communicating It
For those of us building in decentralized finance (DeFi), the events of the last two weeks are singularly disheartening. Innocent users were harmed and in some cases lost their entire life savings. As the scope of fraud, negligence and malfeasance at FTX is revealed in court filings and leaked documents, the crisis has already undermined the credibility of our entire ecosystem. It is a bitterly ironic turn of events, since the vision of DeFi is a financial system where what happened at FTX is no...