Is decentralization in the DeFi just an hallucination?

[Pagla]

DeFi or the decentralized finance industry has the potential to disrupt mainstream banks, as per experts. But the Bank for International Settlement (BIS) have deemed that the industry has a centralization issue and lawmakers should use that to regulate the sector. In a recent published quarterly review the bank highlighted the first of its five special features to discuss the decentralized and implications for financial stability. According to the report, the decentralized industry seeks to enhance the efficiency of financial transactions with automated contracts developed on blockchains. Notably, BIS revealed that there is a way from which lawmakers can enter in the industry.

DeFi requires centralized governance
According to the report of BIS, the DeFi industry has an unpreventable requirement for a centralized governance. According to Hyon Song Shin, BIS’ head of research, there is a limit to how far someone can run an entire financial system that is based on automated transactions. Hence, there would be events where the decentralized projects would need reorganization or judgment.

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[Judith_Lance]

Imo it isnt hallucination.Decentralizaition has become more preferred among people and i also prefer too.I follow a lot of projects running decentralized like Deip.Deip is a creator economy protocol and Deip's creator economy protocol enables the discovery, evaluation, licensing, and exchange of intangible assets.

[Feraye_deniz]

Imo it isnt hallucination.Decentralizaition has become more preferred among people and i also prefer too.I follow a lot of projects running decentralized like Deip.Deip is a creator economy protocol and Deip's creator economy protocol enables the discovery, evaluation, licensing, and exchange of intangible assets.

Deip is focusing on creative industries now and creating the most advanced decentralized protocol for the creator economy.

[Judith_Lance]

Imo it isnt hallucination.Decentralizaition has become more preferred among people and i also prefer too.I follow a lot of projects running decentralized like Deip.Deip is a creator economy protocol and Deip's creator economy protocol enables the discovery, evaluation, licensing, and exchange of intangible assets.

Deip is focusing on creative industries now and creating the most advanced decentralized protocol for the creator economy.

I agree with you.By means of Deip decentralized creator platform, social media influencers and creators can sell their work online — from fashion bloggers to live-streaming gamers – as well as the businesses created around them.

[Mohammad_Gassani]

I don't know if you've seen it, but I'm telling the people who spoke for Deip. Have you seen the DEIP airdrop?

[Judith_Lance]

I don't know if you've seen it, but I'm telling the people who spoke for Deip. Have you seen the DEIP airdrop?

I have just seen yesterday and the airdrop is Total for airdrop: 2,000 USDT ,2 USDT each to 750 random participants.We didn't win the Christmas lottery, at least let's try this

[Btclover]

 I also prefer too.I follow a lot of projects running decentralized like Deip.Deip is a creator economy protocol and Deip's creator economy protocol enables the discovery, evaluation, licensing,

[Mohammad_Gassani]

I don't know if you've seen it, but I'm telling the people who spoke for Deip. Have you seen the DEIP airdrop?

I have just seen yesterday and the airdrop is Total for airdrop: 2,000 USDT ,2 USDT each to 750 random participants.We didn't win the Christmas lottery, at least let's try this

Although I am an unlucky person, let's go and try our luck If you're counting on your luck, the DEIP airdrop ends on January 8th. Don't miss it.

[Oliver_Hudson]

I agree with you Btclover. It is designed specifically for intangible asset tokenization (in the form of F-NFT), governance (via DAO), and liquidity (via DeFi instruments and derivatives).

[Gianni_Aquinossa]

DEIP has been airdropping for 1 week and the deadline is today. I was included in your talk but maybe you would like to join

[ustcoin]

Defi projects entered the crypto world seriously and were accepted. In the future, besides my metaverse and web3.0 projects, I think defi projects will do the job. However, it is useful to be careful, not every investment project is made.

[Vexana]

DEIP has been airdropping for 1 week and the deadline is today. I was included in your talk but maybe you would like to join

Has the IDO of the DEIP project been done? I didn't see it in the market and it sounds solid

[Gianni_Aquinossa]

Many people are waiting for the date of IDO for Deip. One of these people is me. I think it will be one of the only projects that will provide services in a decentralized way in the web3 field.

[Lukasz]

Is we are in the discovery phase of the crypto expansion it is obvious that some will be failures and others will be successes i have not noticed any examples in the opening post of the thread of the possible centralised governance needs of decentralised finance

[Solrojo]

Many people are waiting for the date of IDO for Deip. One of these people is me. I think it will be one of the only projects that will provide services in a decentralized way in the web3 field.

I agree with you.Deip is creating decentralized web3 platform for its users.I dont know when is IDO going to held but imo worth to wait.