Decentralized financial (DeFi) applications have risen rapidly in the broader digital currency ecosystem, presenting one of the leading use cases for the Ethereum network. Over the past year, several high profile DeFi platforms have launched to considerable market interest. While each DeFi platform has unique characteristics, and in many cases differing services and business models, one common thread amongst the majority of them, is the use of ether (Ethereum’s native token) as collateral on the platform.
The fear in the market is palpable. While trade war concerns seem to be cooling, the threat of war with Iran remains.