Opinion
Like the ICO boom of 2017, DeFi plays to our desire to get rich fast without any responsibilities.
Alex Faliushin
The author is an independent contributor writing an opinion or expert take. Views expressed are the author’s own and may not reflect Cointelegraph’s editorial position. Alex Faliushin is the founder and CEO of CoinLoan. He is an entrepreneur with eight years of experience in fintech. He specializes in international payments solutions, organizing acceptance and processing payments in high-risk industries. In the first half of 2017, before the crypto-lending market was formed, Alex started CoinLoan, a platform for loans secured by digital assets.
Why DeFi, in its current state, is destined to fail