Cryptocurrency Q&A Is DeFi a pyramid scheme?

Is DeFi a pyramid scheme?

SolitudePulse Thu Aug 22 2024 | 5 answers 1276

I understand that DeFi, or Decentralized Finance, is gaining popularity in the cryptocurrency world. However, some people have raised concerns that it might be a pyramid scheme. Could you please elaborate on what DeFi actually is, how it differs from traditional financial systems, and whether there is any valid reason to believe it could be a pyramid scheme? Is DeFi a pyramid scheme?

Is DeFi a pyramid scheme?

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