Opinion
What weaknesses did the Black Thursday and high market volatility reveal for the decentralized finance industry?
Loong Wang is the chief technology officer and co-founder of Ren, an open protocol that enables the permissionless and private transfer of value between blockchains. Ren's core product, RenVM, brings interoperability to DeFi through a decentralized custody solution that allows the seamless movement of assets between blockchains.
What weaknesses did the Black Thursday and high market volatility reveal for the decentralized finance industry?