Proof of Work: DeFi needs a little more "De"

Benjamin Friedrich | The Block

Quick Take

  • SEC action has been against projects that are “obviously bad” and I don’t think this breaks that mold—that said, I’ve heard there are more worse things in the pipeline
  • Many projects may end up moving to a friendlier jurisdiction over regulatory concerns
  • The fact that jurisdiction still matters means that “defi” projects aren’t sufficiently decentralized yet, however a combination of projects in the pipeline may make these concerns moot
The following newsletter is republished with permission from Eric Meltzer of Primitive Ventures, a global venture investment firm with a focus on blockchain and related technologies. You can follow Eric on Twitter at @wheatpond and subscribe here to Proof of Work.


© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.