After Major Crypto Sell-Off, Why Did DeFi Stay So Sticky?

Posted on by American Coins & Gold

After Major Crypto Sell-Off, Why Did DeFi Stay So Sticky?
According to the data, decentralized finance (DeFi) users might not be that degenerate after all.Amid the dozens of introductory posts and explainers on DeFi from mainstream media outlets over the past year, a general consensus has emerged: While promising, DeFi is currently primarily utilized to speculate on crypto prices, using tools like lending platforms as a form of leverage.Indeed, this line of thinking has been trotted out in The New York Times, Bloomberg and CNBC, among dozens of others. Likewise, Twitter traders wear the badge “degen,” short for “degenerate” with pride, adding to a consensus that the field is a…