Defi Needs Better Primitives
Medium21 Feb 2020 | 00:16 am
Bitcoin and ETH are the primitive building blocks of the new DeFi economy and need better base-monies, according to Bitcoin Co-founder Michael Kutch. Kutch said, "These assets can be arranged to construct instruments for lending, debt, synthetic equities, and more. But today their limitations lie in their volatility and high correlation to one another, hence the requirement for extreme over-collateralisation."