The Future of #DeFi π§΅
2022 has been a year full of turmoil in crypto markets, but with every challenge comes an opportunity.
During the last 12 months, DeFi has found some real-world use-cases and proved that the world needs a truly decentralized finance system.
#DeFiDecember
2022 has been a year full of turmoil in crypto markets, but with every challenge comes an opportunity.
During the last 12 months, DeFi has found some real-world use-cases and proved that the world needs a truly decentralized finance system.
#DeFiDecember
While it is impossible to predict what will happen with the industry next, we can already see some core trends emerging:
πͺ Focus on #RealYield and utility for tokens;
βοΈ Cross-chain projects;
βοΈ More advanced products;
π€ Improvement of on-boarding experiences
πͺ Focus on #RealYield and utility for tokens;
βοΈ Cross-chain projects;
βοΈ More advanced products;
π€ Improvement of on-boarding experiences
πͺ #RealYield
#DeFi was able to capture mind share through inflationary tokenomics and impossibly high APRs. Now more and more projects move towards sustainable models for reward distribution - those that rely on fees and revenue and not emissions.
#DeFi was able to capture mind share through inflationary tokenomics and impossibly high APRs. Now more and more projects move towards sustainable models for reward distribution - those that rely on fees and revenue and not emissions.
βοΈ Cross-chain
The future is not on one chain, and protocols will have to adapt and reach investors in more than one place. Previously projects were just redeploying the same code on multiple chains. With the next generation of interoperability protocols, this might change.
The future is not on one chain, and protocols will have to adapt and reach investors in more than one place. Previously projects were just redeploying the same code on multiple chains. With the next generation of interoperability protocols, this might change.
βοΈAdvanced Products
Despite the decrease in DeFi's total TVL derivatives, platforms have been performing well. Users clearly want more advanced strategies that can help them benefit from DeFi's composability, speed and transparency. Forking Uniswap won't attract anyone anymore.
Despite the decrease in DeFi's total TVL derivatives, platforms have been performing well. Users clearly want more advanced strategies that can help them benefit from DeFi's composability, speed and transparency. Forking Uniswap won't attract anyone anymore.
π€ Onboarding
User experience remains one of the biggest pain points in DeFi. If protocols want to attract the next generation of investors, they'll have to get creative and find ways to make the onboarding experience smooth and simple.
User experience remains one of the biggest pain points in DeFi. If protocols want to attract the next generation of investors, they'll have to get creative and find ways to make the onboarding experience smooth and simple.
Overall, while it seems that DeFi might have made a step back this year, it is simply preparing to make a giant leap forward.
Many things will have to change for that to happen, but a desire for change has always been one of the core principles of DeFi.
Many things will have to change for that to happen, but a desire for change has always been one of the core principles of DeFi.
Thats a wrap for this Future of DeFi π§΅
If you learned something give this thread a retweet β»οΈ
#DeFiDecember
If you learned something give this thread a retweet β»οΈ
#DeFiDecember
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