Decentralization theater matters because it reduces censorship-resistance, and also gives leverage to regulators or police enforcers to coerce developers into making changes, revealing information, or simply shutting the thing down. How can people trust that this can be a feasible infrastructure for the future of finance, how can institutions trust they can move trillions of dollars in the system, if it can be arbitrarily changed?
Juiced USDS Yields Woo Solana Traders to Sky’s Stablecoin
The heady growth is about as preordained as anything could be in DeFi. Sky is spending $2 million a month...