Flying Tulip founder Andre Cronje claims that decentralized finance (DeFi) protocols have transformed into a new financial system called 'onchain finance'.
Source
"Andre Cronje Renames DeFi as On-Chain Finance" — Cointelegraph
This article is Bitcoincryptos' summary and analysis of reporting originally published by Cointelegraph. Read the full original report at the link above.
Cronje argues that this shift comes with the trade-off of reduced immutability and decentralization. The evolution is seen as a natural progression, but it raises questions about what this means for users and investors.
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