Admin Keys and Security
The discussion highlights the balance between security and decentralization in DeFi protocols, particularly through the implementation of a 24-hour delay for admin changes. This delay not only protects against potential vulnerabilities, like the $5 wrench attack, but also raises questions about the true decentralization of these systems. Comparing DeFi to traditional financial systems reveals that while it may not be perfect, it offers a level of trustlessness and non-custodial options that conventional banks do not.In this clip
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Bankless
6 - DeFi Trust Spectrum
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