Maybe I don’t understand the deFi space, but it looks to me like a huge scam. I’d like to be proven wrong though.

Providing liquidity, staked coins, impermanent loss, Decentralized Finance,

It seems that at best this is a tool where you can trade coins for a "loan" that is equal to or less than the coins you provided that get locked away, if you pay back your loan you get your collateral back, great.

Except because no one actually is going into debt and because there's no authority you have to already have the entire loan amount to get a loan in the first place, kinda defeating the purpose…

Is there any real world benefit to the deFi space?

submitted by /u/unpopulrOpini0n
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