Opinion by: Billy Campana, contract developer, Api3
Speculation is a cornerstone of price discovery for traditional finance institutions like hedge funds and major banks and plays an essential role in their day-to-day operations. It is the mechanism by which they can establish reliable valuations for everything, ranging from simple stocks and bonds to complex derivatives and structured products.
While decentralized finance (DeFi) is often criticized for its speculative “casino” nature,…
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