Binance    has quietly absorbed some of DeFi’s core innovations:

– AMM-style LP trading (retired)

– Pool-based lending like Aave

– Liquid staking-like tokens ( $BFUSD , $FDUSD ) usable as collateral for margin trades

#DeFi’s composability is bleeding into CeFi—and leverage is multiplying. Risk? Still centralized.👀👀