The Evolution from Crypto Pawn Shops
How DeFi lending protocols today are pawn shops from the past.
Dear Bankless Nation,
We’ve said before that lending protocols aren’t lending protocols. They’re more like interest rate protocols.
That’s a good start. But maybe they’re more like modern day pawn shops that have been around for centuries.
Subscribe for free to continue reading
- Support the Bankless Movement
- Access to thousands of articles
- Complete archive of Bankless episodes
- Embark on free quests in Airdrop Hunter
- Daily alpha in your inbox
Already subscribed? Sign in
Bankless
It’s time to break up with your bank, and join the movement for a better world.
