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DeFi protocols are experiencing technical issues leading towards centralization, despite a golden age of decentralization. Syndicate’s Will Papper notes struggles in performance, with platforms like Uniswap V3 and Curve representing decentralized DeFi’s peak. Institutional capital is flowing into top assets, impacting the wider crypto ecosystem. Stablecoins play a key role in driving DeFi growth, but the challenge lies in balancing efficiency and decentralization.
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