Who's bankrolling the curators?

A "curator" decides where DeFi lending deposits get allocated to, for a cut of the returns and/or deposits. That's a real economic lever, since it decides which markets get funded and which don't. The pitch is that the curator checks each market's risk independently before making that call, not swayed by whether a given market's growth would benefit it directly.

The same investors fund both the DeFi lending protocols and the curators meant to independently assess the same lending protocols' risks. Some curators now hold paid risk-management roles inside those very protocols and chains, undermining the independence they're supposed to bring. Others now also earn revenue managing risk for centralized exchanges and banks, work that never touches your deposit directly, but raises the same question about whose interests actually guide the on-chain decisions that do. Start here, then follow the rest of the web.