DeFi’s existential problem: It only lends money to itself
3 min read . Updated: 29 Jun 2022, 06:29 PM IST 
Premium- Crypto lenders’ exclusive focus on other crypto projects suggests their problems run much deeper than a Lehman-style liquidity crisis
Remember how the banking system self-destructs every few decades? Now imagine if banks only lent money to finance other banks, and you may get a notion of the house of cards that is “decentralized finance," or DeFi.
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