defi/spot is in a much healthier place than cefi. when you're hodling, there's nothing that can liquidate you. when you're using a defi protocol, you capture

defi/spot is in a much healthier place than cefi. when you're hodling, there's nothing that can liquidate you. when you're using a defi protocol, you capture all the upside for the risk you're taking. when you're using a cefi "bank", the bank keeps some of the spread when they're up, and goes insolvent when they're down. heads they win tails you lose.