Robinhood Fiasco Strengthens the Case for DeFi: A Deep Dive

Robinhood Fiasco Strengthens the Case for DeFi: A Deep Dive by PlasmaPay CEO Ilia Maksimenka. Robinhood trading platform Robinhood became a focal point for widespread censure after restricting trading and precipitating a 55% drop in the GameStop price. One $13 billion hedge fund – Melvin Capital – closed its position amid crushing losses. DeFi is, by its very nature, permissionless – an ecosystem of open finance protocols anyone can use for trading, borrowing, lending, and saving.