This is a section from The Block Research’s upcoming 2022 Digital Assets Outlook report
The nature of decentralized stablecoins became more diverse with the rise of algorithmic stablecoins backed by fractional reserves or endogenous collateral
Centralized custodians played a pivotal role in bringing Bitcoin into DeFi
Lido denominated the liquid staking sector with billions under management
Most miner extractible value originated from arbitrage
Footnotes
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