DeFi

Blockchain scalability is limited. We can use a centralized operator for unlimited scalability, but that requires trusting the integrity of this operator. For newcomers, Centralized Exchange (CEX) are often the first way to interact with crypto. Their values reside in the way they abstract the complexity of technology (wallet key management, for example). But this is like using a bank account. The user doesn’t control and own their funds; funds can be removed or frozen; and you need to prove your identity (so you lose your anonymity). The consequences are that all of your actions are traceable and associated with your identity. ...

Our ecosystem is built upon two fundamental pillars: Stablecoins and Oracles. However, achieving true decentralization in the realm of stablecoins remains a challenging feat. Nobody truly provides a decentralized stablecoin, for example: USDC and USDT are fully centralized, subject to the authority of centralized entities DAI Treasury is composed of ~80% of USDC or RWAs GHO is back with crypto collateral, operates under the governance of AAVE, so it’s subject to potential conflicts interest. However, they do not adhere to some of the core principles of the DeFi community, notably decentralization and open-source values. ...

Intents aren’t real? Source from @DavideCrapis What’s action preference type? How many dimensions are implicated? what’s measurable (max $)? ⇒ which risks? What’s a constraint type? satisfaction with risk and outcome? Why we use the current system? for which outcome? what’s your preference for this system? What’s your current preference? How is measure the outcome? ($?) => We use the current system because we accept setting our own income and accept a range result for the outcome in $. ...