interesting

 

While Wu agreed with Veradittakit’s main premise about a polychain future, he did caution that the emergent technology of DeFi does hold some parallels to the 2008 financial crisis.

Using liquidity provider tokens as collateral in yield farming isn’t a lot different than securitizing a tranche of mortgages and creating a collateralized debt obligation, he said, adding that there are more projects driving the line further to under collateralization.