Bubbling Over the Top? DeFi Sector Heats Up in June, Raising Concerns
Cointelegraph
Published Jun 27, 2020 09:11AM ET
Updated Jun 28, 2020 11:20AM ET
Decentralized finance is all about cutting out traditional financial intermediaries such as banks. Through the use of blockchain technology, DeFi platforms allow individuals to generate money against their own assets, becoming their own bank, as it were.
As an exciting new business paradigm, the DeFi sector has been warming up for some time. But during this past week, it got downright hot, and the current euphoria has some worried that a financial bubble may be forming reminiscent of the initial coin offering bubble of late 2017. Here are three events being cited:
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Written By: Cointelegraph
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