原推:Defi debt is senior in the capital structure
Not subject to negotiation https://t.co/NTsQFVHMEZ
In DeFi, “a deal is a deal” – you can’t back out.
Celsius was forced to prioritize paying down its $400mm+ loans on Maker, Aave, and Compound to avoid liquidation.
There is no ability to “re-structure”/renege on smart contracts.
Why DeFi works great: panteracapital.com/blockchain-let… https://t.co/Q3rF0e3EeR