Vitalik Buterin Slams ‘Fake’ DeFi, Backs ETH-Based Algo Stablecoins
Ethereum co-founder Vitalik Buterin has questioned the legitimacy of fashionable USDC yield methods, arguing they don’t comply with the rules of true decentralized finance (DeFi). His critique was in response to crypto analyst C-node, who mentioned that almost all trendy DeFi focuses on speculative features as a substitute of constructing genuinely decentralized infrastructure. Critique of…
