“Actual” Total Value Locked in DeFi is Only About 50% of Reported Value: Analyst
August 18, 2020
Bitcoin, BTCEUR, BTCUSD, BTCUSDT, cdo, compound, Damir Bandalo, DeFi, DeFi News, Ethereum, housing bubble, MakerDAO, total value locked, uniswap
Eddy
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Reportedly, the recursive compounding of collateral on different DeFi project using the same initial capital tends to inflate the value locked in DeFi by almost 50%. Data analytics websites reporting the ‘total value locked’ in DeFi, determine the value by analysing individual projects. However, the ecosystem has remarkable interoperability. DAI loaned in one project is […]