CeFi Must Be Done Right

Too Long; Didn't Read

There is a general narrative of centralized finance (CeFi) becoming a dirty word. There was clear mismanagement of risks stemming from pure god complex degeneracy and resulting in a complete lack of transparency with users as to how their money was being used to generate the high yields promised at the height of the bull market. The use of on-chain data to help end-users understand their risks will greatly help in rebuilding trust and credibility within the cryptocurrency industry. We need to create clearer standards of disclosures for influencers and the press and hold them to these standards.