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by ryan_lane
1595 days ago
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Even if you're in crypto, it's good to note that DeFi is collateralized lending, for which the intended purpose is to avoid paying capital gains for the borrower, or making unrealistic returns for the lender because they're helping people avoid taxes. I'm not saying this is unique to crypto (stock collateralized loans help the rich avoid paying taxes in the same way), but it's not interesting or unique. |
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