It is quite frustrating to see the mainstream narrative that "DeFi blew up" when Celsius, BlockFi, 3ac, Voyager et al went insolvent — it’d be fair to say a few things broke around DeFi, but true on-chain DeFi (Uniswap, Compound, Aave, Yearn, etc) worked in an orderly fashion while crypto prices plummeted and centralized lenders collapsed
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DeFi Resilience in the Bear Market
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