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I guess DeFi is street corner batter economy and central exchanges like coinbase are like forex trading locations into fiat
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Yeah, everything about this kinda turns traditional finance on its head to some extent, so every bug becomes a feature. I think governance will have to evolve as rapidly. Anything heavyhanded will be as good as simply banning it all.
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Think of them like vending machines that let you put one token in and give another out. The price is based on the amounts of tokens in them, and the pool keeps a small fee for the liquidity providers who own a percentage of the total assets in the pool
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