Do you think decentralized finance will ever become mainstream?
Asked 3 years ago
Hi guys, when I look at how many people want to break away from having an intermediary when it comes to their finance, I begin to see the potential in DeFi. Do you think it will ever become the mainstream for finance in the world?
Truman Perry
Wednesday, March 23, 2022
DeFi is attractive because it offers exciting yield options compared to traditional finance (TradFi). However, this also comes with increased risks and a certain knowledge barrier for newbies.
For DeFi to go mainstream, it has to become easy to use, mobile, and less risky. This may involve regulation of some kind, technology improvements, and the evolution of the DeFi space with a focus on improving accessibility and user experience.
Many big players in traditional finance already recognize the potential of DeFi. If new protocols can create bridges for these TradFi players to enter the DeFi market, the utility of DeFi could explode tremendously, bringing it to the mainstream.
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