When you deposit Bitcoin on platforms like BlockFi or Celsius, you give up ownership and control. Those platforms can use your Bitcoin however they want. Decentralized finance keeps you in control of your own assets.
Is collateral and control. Collateral and control. So who controls the Bitcoin and who controls the collateral? So when I gave it to BlockFi and when I gave it to Celsius, I also gave them ownership of it. So they had the collateral, they had control over the collateral, and they were able to do all types of things with the collateral that I didn't know they were doing. We're working with what we call DeFi. This is DeFi is decentralized, and then we have CeFi, which is centralized.
