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by three_seagrass 1316 days ago
Even without the edit, your response feels like a no-true-scotsman

i.e. an attempt to remove bad actors who deal in decentralized cryptocurrencies from the purity that is defi.

What are some large, successful defi organizations today?
5 comments
null0pointer 1316 days ago
I don't see at all how you can say calling out literally centralized companies as "not-decentralized" is no-true-scotsman. It's just an obvious fact.

> What are some large, successful defi organizations today?

In my opinion, if there is an organization behind it then it is, by definition, not decentralized. Yes, even the ones that operate fully on-chain.

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three_seagrass 1316 days ago
>literally centralized companies as "not-decentralized"

So defi is only 100% decentralized everything, even if the financial tools are decentralized? That feels like an appeal to purity if ever there were one.

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null0pointer 1316 days ago
Ok, my previous comment is a bit unclear about what I mean. In my opinion if there is a group of people, other than the participants themselves, who can control the operation of the financial service then it is not decentralized. There can absolutely be an organization that builds the service, but participants should not be forced to adopt updates and should be free to transfer their entire balance to any other service at any time.

I realize I’m on the fringe a bit with this but I think it’s not because I have an extreme idea of what defi is, it’s that there have been so many grifters in the last 5 or so years that have used the buzzword “defi” to sell their shitty reincarnation of long-outlawed shady centralized financial schemes as something revolutionary that it’s shifted the public perception of the term. I’d even agree with you that it’s an appeal to purity.

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sperm 1316 days ago
Uniswap. Large in terms of volume, not org size.
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ChainNet 1316 days ago
Uniswap, Curve DAO, AAVE, Compound, Lido, MakerDAO...
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TimJRobinson 1314 days ago
https://defillama.com/ - there are hundreds. Almost all are open source and transparent.
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potatototoo99 1316 days ago
Tornado Cash is pretty successful.
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colinmhayes 1316 days ago
not sure about this one.
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