Uploaded June 2026 | Updated September 2026, 2 weeks ago

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One of the most debated questions from the Kelp fallout is whether DeFi United was effectively a bailout.

In this clip, Mike Silagadze draws a hard line: a bailout uses other people's money. This, he argues, was different. It was the industry coordinating privately to solve a crisis before contagion spread even further. A key moment in the debate around responsibility, coordination, and what DeFi should look like under stress.

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