Exploring the Complexity of DeFi V1 and the Debate Over Financial Primitives | CoinDesk
DeFi v1 was characterized by the dominance of complex protocols that raised questions about whether they should be considered financial primitives at all. Protocols like Aave included hundreds of risk parameters and enabled very complex functionalities, leading to forking to enable similar features in new ecosystems. This resulted in an explosion of protocol forks across … Read more
