A 𧡠about why I'm mega-pumped about #DeFi in 2022.
If you look through my old posts, you'll see that I write almost exclusively about DeFi.
No gaming, metaverse, NFTs, TA, trading, shitcoins or shillcoins.
Only #DeFi.
Why am I so excited about #DeFi? π
If you look through my old posts, you'll see that I write almost exclusively about DeFi.
No gaming, metaverse, NFTs, TA, trading, shitcoins or shillcoins.
Only #DeFi.
Why am I so excited about #DeFi? π
1/
#DeFi is a real world use case of #crypto that is at least 10x superior to traditional finance.
In TradFi, it's hard to get more than get 0.5% interest on cash, and 10% in stocks.
In DeFi, you can get 20% passively with no price exposure.
50-100% if you put in some effort.
#DeFi is a real world use case of #crypto that is at least 10x superior to traditional finance.
In TradFi, it's hard to get more than get 0.5% interest on cash, and 10% in stocks.
In DeFi, you can get 20% passively with no price exposure.
50-100% if you put in some effort.
2/
Itβs still very early in the space.
There are ~20M Metamask wallets.
Users often have multiple wallets, so there are likely < 20M users.
That's < 0.25% of the world.
Itβs still very early in the space.
There are ~20M Metamask wallets.
Users often have multiple wallets, so there are likely < 20M users.
That's < 0.25% of the world.
https://twitter.com/shivsakhuja/status/1477328430714671109?s=20
3/
There are ~8B people in the world
1/3 of them are unbanked (don't have a bank account).
A LOT more are underbanked (donβt have access to simple financial services like loans).
There are ~8B people in the world
1/3 of them are unbanked (don't have a bank account).
A LOT more are underbanked (donβt have access to simple financial services like loans).
4/
Regular people barely have access to banks & loans, let alone sophisticated financial instruments.
Futures, options, currency markets, pre-IPO shares, foreign real estate, international markets, alternative investments, . . .
Most aren't easy for retail investors to access.
Regular people barely have access to banks & loans, let alone sophisticated financial instruments.
Futures, options, currency markets, pre-IPO shares, foreign real estate, international markets, alternative investments, . . .
Most aren't easy for retail investors to access.
5/
Even simple financial services like currencies, loans, bonds and stocks aren't easy for regular people to access in many parts of the world.
This is why the rich get richer, and the poor get poorer.
TradFi isn't a level playing field.
Even simple financial services like currencies, loans, bonds and stocks aren't easy for regular people to access in many parts of the world.
This is why the rich get richer, and the poor get poorer.
TradFi isn't a level playing field.
6/
#DeFi has no restrictions.
Every wallet looks the same to a DeFi protocol.
The code couldn't give a shit if you're a billionaire or an anon internet ape.
#DeFi has no restrictions.
Every wallet looks the same to a DeFi protocol.
The code couldn't give a shit if you're a billionaire or an anon internet ape.
7/
Everyone on the planet can benefit from free and open access to financial services and tools.
But currently, < 0.25% of the world is using DeFi.
We are still very early.
If you're here now, ygmi.
#WAGMI
Everyone on the planet can benefit from free and open access to financial services and tools.
But currently, < 0.25% of the world is using DeFi.
We are still very early.
If you're here now, ygmi.
#WAGMI
8/
There's sooo much more I could write about why I'm excited about #DeFi, but I'll save some of that for later.
Here's a master thread of my posts about DeFi:
There's sooo much more I could write about why I'm excited about #DeFi, but I'll save some of that for later.
Here's a master thread of my posts about DeFi:
https://twitter.com/shivsakhuja/status/1470898910218440708?s=20
β’ β’ β’
Missing some Tweet in this thread? You can try to
force a refresh
γ
