With DeFi it is now possible, for example, to lend, borrow and earn returns when “staking” or “yield farming” crypto-assets. 4. As Warren Buffett famously noted, “only when the tide goes out do you discover who’s been swimming naked”. 5.
For example, transactions involving bitcoins are lengthy procedures, and the number of operations that can be completed over a specific period of time is comparatively very limited. 6. For example, producing and trading bitcoin alone wastes huge amounts of energy: the equivalent of the entire annual electricity consumption of a country that has millions of inhabitants, like Belgium. See Cambridge Bitcoin Electricity Consumption Index.