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19 April 2021

DeFi-ing the odds: Why DeFi could rebuild trust in financial services

DeFi-ing the odds: Why DeFi could rebuild trust in financial services


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DeFi-ing the odds: Why DeFi could rebuild trust in financial services.

Thanks to the COVID-19 pandemic and wide-ranging failures of leadership, that faith has been tested like never before.

To illustrate how fast DeFi has taken off, examine the total value locked, or TVL, being poured into the DeFi sector.

The overall crypto market — driven by Bitcoin (BTC) — is now worth well over $1 trillion, so there’s a long way to go before DeFi becomes headline news.

Though remember: It took Bitcoin nearly 10 years before institutional investors really started to buy in — and it seems that it will take half that time for DeFi to achieve similar penetration?

Because younger investors — like the GameStop traders — understand the concept of digital scarcity, embracing the fact that non-physical assets have value.

Already they’re starting to integrate smart contracts and other DeFi technologies into existing platforms — both to increase efficacy and to keep up with market demand for more transparency and customer privacy.

While the technology for DeFi is advancing quickly, it will take time for the capabilities to get where they need to be for broad-scale adoption.

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