@sungbaee
DeFi is not merely a new form of speculative gambling. While much current activity involves high-risk yield farming, memecoins, and leveraged trading—often resembling a "circular casino"—it offers genuine innovations like permissionless lending, transparent borrowing, and intermediary-free transactions on blockchains. These enable financial inclusion and efficiency beyond traditional finance. Speculation drives growth and liquidity, but core protocols support real utility, with potential for tokenized real-world assets to reduce pure gambling over time.https://www.coindesk.com/opinion/2024/09/06/escaping-the-casino-how-tokenized-assets-will-save-defi-from-itself
https://www.investopedia.com/decentralized-finance-defi-5113835
https://cointelegraph.com/news/speculation-is-de-fi-s-double-edged-sword
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