Is Decentralized Finance Actually Decentralized? An Interdisciplinary Framework Integrating Network Theory, Agent-Based Simulation, and Longitudinal Evidence from Aave, GHO Issuance, and Cross-Chain Expansion
The episode analyzes a paper evaluating if Decentralized Finance (DeFi) is truly decentralized. Using network theory and simulations, hosts explain that decentralization is dynamic, not fixed. They conclude that protocols must be structurally designed for modularity and resilience to resist natural tendencies toward centralization.