BREAKDOWN: Is the Decentralization in DeFi an ‘Illusion’?

A look at the recent report from the Bank for International Settlements.
This episode is sponsored by NYDIG.
Today’s episode of “The Breakdown” is a grab bag of news stories from the past several days. NLW covers:

The Bank for International Settlements report “DeFi Risk and the Decentralization Illusion” 

Regulatory updates from the Biden administration, Japan, the U.K. and India

Institutions leading the selling last week 

OpenSea appears headed for IPO 

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Nuthawut Somsuk/iStock/Getty Images Plus, modified by CoinDesk.
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