CoinDesk reported:
However, in the zeal to dispense with links to Tradfi, the fundamentals of operating those models – asset liability matching, correlation and contagion risk, collateralization models and robust underwriting models – got left by the wayside. While blockchain technology makes the operation of these pools and models much more transparent, effective and efficient (whether CeFi or DeFi), these are not technology platforms. They are financial risk trading engines, and the finance part of DeFi cannot be forgotten.