Something is wrong with DeFi, and it won’t be fixed until projects focus more on improving usability, security and self-regulation.
The user experience for most platforms is sub-par to what would be expected when dealing with multi-million dollar platforms and the layouts can be complicated, along with poor documentation that leaves users frustrated.
Ultimately, a better system of educating the public about DeFi in a trusted setting is something that is needed to help the mass adoption process, otherwise you face the same problem of the current financial system where only a small portion of the population reaps the benefits.The DeFi sector is often referred to as the wild west due to the ability for anyone to launch a project with flashy promises only to pull the string on naive investors and leave them with a worthless token.
A third factor that is at the top of the list for many DeFi analysts is the need for greater regulatory clarity. Thanks to the recent Terra ecosystem collapse, regulation could be one of the first challenges that DeFi has to resolve.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Everything You Need to Know About DeFi, DAOs, and Investing in On-Chain Crypto Indexes | HackerNoonBen, it looks like you're stuck in Web 1.0, Mike and I are in Web 3. You're in Web 1. Your camera is very Web oney. Is it really? It is. Sorry.
Read more »
TRON Might Overtake Binance Chain in Total Value Locked in DeFiICYMI: Tron is inching closer to flipping Binance Chain in DeFi's total value locked $USDD
Read more »
A $90 million DeFi exploit on Terra went unnoticed for seven monthsA security bug allowed a hacker to drain about $90 million from Mirror Protocol on the old Terra blockchain.
Read more »
Tron Now Commands the Third-Largest TVL in Defi — Network's Stablecoin USDD Confronted by Skepticism – Defi Bitcoin NewsThis week the Tron blockchain has become the third-largest network in terms of total value locked (TVL) in defi protocols.
Read more »
A $90 million DeFi exploit on Terra went unnoticed for seven monthsA security bug allowed a hacker to drain about $90 million from Mirror Protocol on the old Terra blockchain.
Read more »
Everything You Need to Know About DeFi, DAOs, and Investing in On-Chain Crypto Indexes | HackerNoonBen, it looks like you're stuck in Web 1.0, Mike and I are in Web 3. You're in Web 1. Your camera is very Web oney. Is it really? It is. Sorry.
Read more »