Jonny Fry Posted

How Decentralised is the DeFi sector?

2 min video — maybe the Decentralised Finance sector — DeFi is more centralised than you realise.

The Decentralised Finance (DeFi) sector has evolved to offer a range of financial services such as lending, borrowing, insurance, payments and derivatives. While some of the firms involved have been preaching and practicing DeFi for years such as Maker DAO — established in 2014- the DeFi really took off this summer.

With tokens like YFI rising by 6.300% in six weeks it is easy to see why DeFi sector as sucked in literally billions -YFI rose in value from $6 to $38,000

‘yield farming’ (which has been described...