Yes.
But in some occasions, such as in this, it comes at disadvantage.
I wonder myself, thinking about better approaches to decentralizing apps, it’s not always as easy as ‘just launch it on the SNS‘.
The SNS is permissioned, and even if it was not, for DeFi you really wanna secure the users fund by even token distributions (not avoid hostile takeovers). Especially in this ecosystem 
I’m gonna walk the dog and get back to you later 