Robinhood Fiasco Strengthens the Case for DeFi: A Deep Dive

Written by ILIA | Published 2021/01/30
Tech Story Tags: defi | robinhood | plasmapay | plasmafinance | ethereum | ppay | gamestop | hackernoon-top-story

TLDR Robinhood Fiasco Strengthens the Case for DeFi: A Deep Dive by PlasmaPay CEO Ilia Maksimenka. Robinhood trading platform Robinhood became a focal point for widespread censure after restricting trading and precipitating a 55% drop in the GameStop price. One $13 billion hedge fund – Melvin Capital – closed its position amid crushing losses. DeFi is, by its very nature, permissionless – an ecosystem of open finance protocols anyone can use for trading, borrowing, lending, and saving.via the TL;DR App
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Written by ILIA | CEO @ 0xPlasma Labs and Plasma.Finance Making the World a better place with Web3 and AI
Published by HackerNoon on 2021/01/30
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