Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: ValueFirst on August 20, 2022, 09:39:49 AM
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Recently there have been several failing DeFi projects and businesses including Hodlnaut, Voyager, Celcius, and Terra. Naturally it brings you to the the question of which crypto businesses are doing Crypto correctly? In my search for answers I watched a video by Robert Sharrat CEO-Fluid Finance, who cautioned about choosing correctly and avoiding what he called shadow banks. He identified some parameters to identify Crypto business done right.
These are the parameters for identifying Crypto Done right by Robert Sharrat - CEO of Fluid Finance
1- Fee-based Crypto businesses are extremely stable
2. Ring-Fencing of depositors' assets, not Shadow banking
3. 100% fiat backing for Stablecoins, not unverifiable assets or algorithms.
How to spot crypto business done right is a video you need to watch. you can see the full video here https://www.youtube.com/watch?v=w7DOy335ft4&t=870s (https://www.youtube.com/watch?v=w7DOy335ft4&t=870s)