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“Successfully, it was a personal ledger,” Powell mentioned. Nevertheless, that is not the case for decentralized finance (DeFi) as a result of there may be extra transparency in how the cash is being saved and moved. “When you distinction that with DeFi lending, whether or not it is Aave, Compound or Maple, you’ll be able to see the motion of funds always and it is at all times managed utilizing Solidity and utilizing good contracts,” he added.
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