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A lot of the current flagship DeFi protocols will have a 'CeDeFi' arm inevitably.
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Did
@rleshner frontrun Coinbase lol? https://blog.coinbase.com/sign-up-to-earn-4-apy-on-usd-coin-with-coinbase-cdad79e5f5eb …pic.twitter.com/D6dh0jjDu8
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Don't fight it. Also, Kraken IPO this year?https://twitter.com/tier10k/status/1409900505267060736 …
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Another one.
$AAVE Pro. You're going to hear a lot of whinging regarding CeDeFi. Pay no attention to it. These are the same people who missed out on bnb and matic. The market has shown it's hand with$COMP performance after Compound Treasury was announced.pic.twitter.com/XCOc9YnIZf
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The question is, how will that benefit existing holders of those tokens, governance, all that shit?
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Guess we'll find out with the precedents Aave sets.
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It's a business model , the say
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this is so bullish for ethereum
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Agree. I can see this dichotomy where an exchanges dex operates as the peer to peer otc trading network of that exchange group and the cex is where the clobs live. Way back nasdaq was very much a peer(broker) to peer(broker) type of thing and was considered "over the counter"
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