DeFi
DeFi Survives Another Crypto Crash Sparked by $CRV Selloff
In this edition of the Bloomberg Crypto newsletter, Emilie Nicolle questions the dangers of experimentation in decentralized finance.
In the cryptocurrency industry, it’s common for founders to accumulate large stakes in their project’s native token in order to build a stake in the company, rather than traditional equity. Not only does this align with the industry’s proclaimed ethos of transparency, it’s also a more liquid exit route (in theory).