How Decentralized is “Decentralized Finance”?

Decentralization “gold standards”, and common design trade offs

Aaron Hay
Aaron Hay
Aug 13, 2019 · 6 min read
Photo by Edvard Alexander Rølvaag on Unsplash

Decentralized finance today is primarily on top of Ethereum and has many cooperating, stacked components:

  1. Core consensus protocol
  2. Assets
  3. Smart contract protocols