How decentralized is DeFi, really?

How decentralized are DeFi protocols with a small group of leaders with admin keys, multi-sig wallets, and wealth-based voting policies?
How decentralized are DeFi protocols with a small group of leaders with admin keys, multi-sig wallets, and wealth-based voting policies?
While decentralization is one of crypto’s main tenets, it’s likely that more centralization could have stopped the fall of crypto giant FTX.
AAVE could eventually be looking to dispose of billions of dollars’ worth of illiquid collateral if markets take another downturn.
Cuban claimed in a Twitter thread that the value of a crypto token is determined by the apps it can run and its overall utility.
BitDAO has called out Alameda Research to demand proof that it didn’t break an agreement to not sell each other’s tokens.