Ethereum’s future:
• DeFi lobbyists will compromise with regulators
• Regulators will set guidelines for DeFi KYC
• Sure L2s will adjust to KYC regs • 90%+ of DeFi liquidity (VC/institutional) will transfer to compliant L2s
• You may KYC as soon as to entry an L2 & use DeFi on it
a lot of that is simply gangster capitalism to implement CFTC and SEC regimes, I want individuals might see that. It is barely professional crypto, it is trad banks and Okay avenue giving us the naked minimal crypto product with out totally outlawing all of it. The US is the issue.
they’ve persistently used KYC to ban american from accessing *any* leverage, and *most* initiatives. The *solely* cause american had entry to defi cash the final 2 years is as a result of *there was no KYC*.
6 totally different spinoff dealer have been pressured to do world KYC during the last 2 years, virtually unilaterally by the american feds regardless of being overseas owned firm. Cefi barely presents initiatives to US residents. The feds use KYC to implement the SEC & CFTC licensing regime.
It is not nearly privateness, it is concerning the monopoly of yank monetary prime brokers and safety regimes and strict controls on commodity, it is monopolistic conduct by lobbying teams who conceal behind american aml/kyc coverage.
when defi apps began snitching on you, with hyperlinks
2021-10-25 uniswap https://github.com/Uniswap/interface/pull/2623…
2022-05-10 ren https://github.com/renproject/bridge-v2/commit/…
2022-06-29 balancer https://github.com/balancer-labs/frontend-v2/pull/2017…
2022-08-11 oasis https://github.com/OasisDEX/oasis-borrow/pull/923…
2022-08-12 aave https://github.com/aave/interface/pull/1017…
(by no means) yearn, curve
