Disclaimer: I like the Ethereum platform. Just trying to understand its governance and more.
Fabian Schär is a professor for distributed ledger technologies and fintech at the University of Basel questions whether Defi on Ethereum network is really decentralized.
“Moreover, the term “decentralized” is deceptive in some cases. Many protocols and applications use external data sources and special admin keys to manage the system, conduct smart contract upgrades, or even perform emergency shutdowns. While this does not necessarily constitute a problem, users should be aware that, in many cases, there is much trust involved.”
Matthew Crowder of Trader University argues that Ethereum is dependent on AWS centralized servers