DeFi to date has had very few regulations in place outside of a couple of earmark cases such as EtherDelta / DAO in 2018. Part of this appears to be due to a lack of understanding from regulators about DeFi and how it operates.... [Thread]👇👇👇 #bitcoin #DeFi #blockchain
In addition, the neckbreaking rate the DeFi community continues to innovate at makes it even more difficult for legislators to keep pace.
Which regulators are relevant to which parts of DeFi? ....👇👇👇
Which regulators are relevant to which parts of DeFi? ....👇👇👇
There are governance tokens, LP tokens, trades, and a decentralized community all partaking in this permissionless ecosystem of tools known as DeFi.
Regulators are typically inspired by consumer-protection, while not wanting to stifle innovation and progress... 👇👇👇
Regulators are typically inspired by consumer-protection, while not wanting to stifle innovation and progress... 👇👇👇
As time goes on, there is almost an assurance that there will be more clarity on the compliance and regulation side. Until then, I believe DeFi builders are going to continue to do just that.
Build.
#DeFi
Build.
#DeFi
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