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Curve founder says DeFi is turning into an industry of clowns.
Curve founder Michael Egorov criticized the current state of DeFi after a fresh wave of hacks and said the market is creating this problem itself. In his post, he pointed to centralized single points of failure as the core issue still being built into supposedly decentralized systems.
He also called on market participants to come together and develop shared security standards for DeFi. After a string of major attacks, this no longer sounds like an abstract debate, but like a direct survival question for the sector.
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