Problems in #DeFi: CeFi platforms lost Credibility:CeFi platforms like FTX, Celsius, & BlockFi experienced catastrophic failures in 2022These failures resulted in losses for both ordinary & professional investorsSome platforms have also involved in frau DeFi is techy: DeFi solves transparency & ownership issues in finance but managing multiple protocols is complex & requires technical expertise Financial institutions face hurdles in creating strategies & investing time/money to get started in...
