In this edition of the Bloomberg Crypto newsletter, Muyao Shensurveys DeFi’s efforts to revive itself by dabbling in — of all things — TradFi.
If you can’t beat them, join them
Just a year or so ago, the decentralized-finance corner of crypto was offering an (at least on the face of it) extremely compelling proposition: Yields as high as
That gap has all but vanished, and with it, much of DeFi’s raison d’etre. So perhaps not surprisingly, the industry is …