Jin: DeFi protocols remained resilient and operational throughout the crypto crash
Li Jin · Betting Big on Web3 with Li Jin · Jul 21, 2022 · at 56:20
Li Jin, co-founder of Variant Fund, contrasts the structural transparency of decentralized finance (DeFi) protocols with the opaque risk management of centralized crypto lenders like BlockFi.
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“All of the DeFi protocols are still working, but they've been incredibly resilient during this period of broader turmoil. And I think it's really important to note that because in those instances and in the DeFi world, users know exactly what is happening with their funds, how it's being pulled what's going to happen once they deposit their funds into a lending pool, et cetera”
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