[rvz]

Not all of these crypto projects will survive. When the tide lowers, we will be seeing who is swimming naked and it looks like these DeFi projects have been caught after the hype has died with the market sentiment turning bearish for crypto in general.

The ones that will survive this crypto crash are probably going to be around for much longer, especially most cryptocurrency coins and blockchains (and not the ERC-20 tokens)

[delaaxe]

DeFi projects are doing just fine and work as expected. All these news are about centralized finance companies being irresponsible if not outright malevolent

[escaper]

What's one "defi" project that is both doing fine and providing consumers any type of actual value?

[delaaxe]

Maker, Aave, Compound, Uniswap

[highwaylights]

Still Ponzi schemes, but yes they probably will continue unabated.

[rvz]

So companies like Checkout.com, Stripe, etc using a cryptocurrency in their crypto product means that they are also part of the so called 'Ponzi scheme' and they are currently out there scamming?

[a2tech]

Yes. Or at least they're exploiting the situation.

[highwaylights]

This right here.

They want that sweet Ponzi-adjacent money.

All the receipts, none of the liability*.

(*they hope).

[rvz]

oH nO. SoMEoNE pLEaSe SToP tHeM /s

That means Stripe, Checkout.com, etc are somehow now 'scammers' and by using crypto, they have found a legitimate use case for it. If they are scamming, Where is the scam?

So now people using Stripe's products and using their crypto offering are now facilitating in the so called 'scam'. Does that mean they should close down their Stripe or Checkout.com accounts to stop the so-called scam that Stripe and Checkout.com are involved in?

[me_me_me]

Well its a business predicated on btc going up, in bear market you literally incentivize people to take up as much debt in btc as possible to repay it for pennies on dollar.

[redox99]

Babel Finance is not DeFi.