Current state of DeFi in 2021: Part 2
Quick Take
- This is a section from The Block Research’s upcoming 2022 Digital Assets Outlook report
- The nature of decentralized stablecoins became more diverse with the rise of algorithmic stablecoins backed by fractional reserves or endogenous collateral
- Centralized custodians played a pivotal role in bringing Bitcoin into DeFi
- Lido denominated the liquid staking sector with billions under management
- Most miner extractible value originated from arbitrage
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Author: Eden Au
