There is still a lot of fear in the market, that even more of the DeFi projects will fold or another big DEX will get insolvent.
I just don't understand why would a DeFi, DEX would get insolvent. Because there is no such central storage for a fallout. In CEX it happens because of manipulation or hacking. In DeFi at any given time, the fund is under the control of a user, so there should not be any such insolvency in DEX in particular.
Or am I missing something??
Yep, seems like the whole point of trusting decentralized projects over centralized
Hi @milaan - you are absolutely right and it is only a typo DEX instead of CEX. Looks like I was not really focused when writing the text. Thank you for the correction.
I see. No problem Sir. You are awesome. I wish you a happy holiday and a great upcoming New Year 2023.