Decentralized finance’s lending protocols have held up during crypto winter, amid notorious collapses in centralized finance (CeFi) exchanges, although DeFi’s software vulnerabilities remain a risk factor. With its basic building blocks – decentralized exchanges (DEXs) and self-custody – is DeFi a viable alternative, or is better CeFi regulation a more realistic option? Without the traditional middlemen to deputize, is there any way for regulators to police the risks of DeFi?
