Unraveling Banking Physics

Frank highlights the disconnect in the DeFi space, where many practitioners lack a fundamental understanding of banking principles. As the industry faces significant challenges, he emphasizes the importance of aligning models with the true mechanics of finance. Rashad echoes this sentiment, noting that many technical individuals are only now grappling with the foundational rules of banking. Together, they explore the implications of these misunderstandings as the market begins to unwind.