DeFi
Dakota Plans to Provide Banking-Like Services on DeFi to Crypto Depositors
The model differs from previous centralized crypto lenders like Celsius Network, which filed for bankruptcy in July 2022, and BlockFi, which did the same four months later, CEO Ryan Bozarth said. In those cases, companies were at the center of the process: They took deposits, lent them out, and took a fee on the interest payments.