DATs definitely raise centralization concerns, which is very much opposite to Ethereum values.
Instead of onboarding retail and institutions on-chain and powering neutral and decentralized protocols, people took a clear shortcut that provides adoption on paper and pumps the price in the short term, but actively harms distribution and contributes to future misalignment.
The positive side is that DATs provide "crypto-curious" tradfi investors safer exposure and address a previously unreachable part of the market, while positively affecting ETH price, which partially offsets damage to the network's security done by the increased centralization.
I'd like to see a more nuanced discussion on this topic, since so far it has been very much one-sided.
Have I missed any arguments?
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