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MYTH: "All DeFi is decentralised"
Reality: Check for these red flags:
🚩 Admin keys that can pause or upgrade
🚩 Governance tokens held by insiders
🚩 Reliance on centralised oracles or RPCs
🚩 Validator power in a few large entities
🚩 Front-ends hosted on centralised servers
Most DeFi exists on a spectrum. More permissionless than banks, but not fully decentralised.
⚡THORChain: no admin keys, 100+ anonymous validators, no governance token control, validators run independent infrastructure.
Real decentralisation means no one can stop it. Most protocols can't pass that test. 🎯

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