Zhu Su: CeDeFi is the largest Unfavourable Information on Ethereum, which turns a large amount of Open Source code into closed source code running on a single server.

ChainCatcher message, Zhu Su, co-founder of Three Arrows Capital, stated in a post that the rise of CeDeFi is the biggest Unfavourable Information for Ethereum, as it means that a large amount of business logic that was originally expected to run on Open SourceSmart Contracts in a distributed network has actually turned into closed-source code running on a single server. Zhu Su believes that Ethereum needs to embrace use cases that benefit from global distributed computing and anti-censorship features, including some cypherpunk-style applications (such as privacy protection) and untapped low-hanging fruit. He pointed out that if Ethereum itself does not perform well, decentralized finance is unlikely to rise again, because in a world where validator decentralization and low demand for Smart Contracts, people can choose to operate off-chain to save time and money.