It is very fashionable to talk about decentralised finance (DeFi), meaning finance that is more democratic or broad-based than centralised finance (CeFi), which is conventional finance. The concentration comes from the network effect in which a few hubs dominate the connections to the users (nodes versus links). They do not worry about the volatility of the cyber currency because they hold it for payment convenience. In other words, digital assets are now being created and traded using cyber currency because the young find it convenient. In most cyber currency outfits, the sponsors “mine” or create the cyber currency and benefit if the liability side (the cyber coin) reaches higher market valuation.

Source: The Edge Markets May 03, 2022 15:33 UTC