The DeFi Regulatory Trap
Pooling client assets and paying a return on the pool creates a common enterprise — the exact structure that sank Celsius, BlockFi, and Genesis. Here’s how SmartCredit’s peer-to-peer model avoids the same trap.
Howey Test
Pooling client assets and paying a return on the pool creates a common enterprise — the exact structure that sank Celsius, BlockFi, and Genesis. Here’s how SmartCredit’s peer-to-peer model avoids the same trap.
