Polygon Labs CEO Marc Boiron called for a fundamental shift in how decentralized finance (DeFi) protocols manage liquidity, labeling the sector’s ongoing liquidity crisis as “self-inflicted.”
In an exclusive interview, Boiron outlined Polygon’s vision for sustainable DeFi, emphasizing chain-owned liquidity and transparent economic models as the path forward.
Boiron criticized DeFi protocols for fueling a cycle of “mercenary capital” by data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/crypto-lending-down-43-2021-highs-defi-borrowing-recovers-959″ rel=”” target=”_self” text=”null” title=”https://cointelegraph.com/news/crypto-lending-down-43-2021-highs-defi-borrowing-recovers-959″>offering sky-high annual percentage yields (APYs) through token emissions. “It’s just renting…
