Circle plans to expand new DeFi platform (credited for swiftly restoring USDC)

[varianceth]

Circle confirm its new DeFi platform (credited for swiftly restoring USDC peg) is here to stay and will be expanded upon, amid rumors that possible air-drops for users may be coming.

http://CIRCLE.BLOG

from twitter

[varianceth]

so the question is will there be a uniswap style airswap
im guessing yes, so im trying to use it as much as possible for my DEX needs atm

[el kaka22]

I would guess that they will try to expand as much as possible to lower the chance of any type of crash they could have and this prevention would help them more than it helps their customers. This defi structure would not be ideal for the customer because they can't be holding them accountable, they will say it is decentralized while also still profiting from each trade but the money will not be in their pockets.

Basically it is the same profit but less responsibility for them and if anything happens the customers can't just knock on circles door and ask for a refund for their mistake, because circle will just go on with their day like they had nothing to do with it.