“Don’t Defy DeFi”

DeFi [Decentralized Finance] mainstream adaption is inevitable. Last Week Compound Finance co-founder Robert Leshner tweeted that he presented decentralized finance to Federal Reserve staff. What’s the big deal?

It’s simple. If millions of people around the globe want a piece of technology, it seems they’ll get it. Particularly in financial world. Now there exists a clear choice between “network approach [decentralized]” and a “bank [centralized]” as two schools of thoughts.

Crypto fundamentals combined with DeFi, enabling massive innovation in payments. Self-custody wallets are already an innovation. The way we trade is becomong more fair. Isn’t the world heading towards a convergence of centralized finance and DeFi? There’s an explosive period of growth ahead of us.

It’s evident that technologists are in-charge of the future. They are innovating at a pace that the nation states can’t keep up. We have the digitized financial markets, which shifts the power dynamic. The regulators and owners of the legacy systems are now rendered less effective. This is net positive. It moves us closer to a free market. Free markets lead to more innovation. What a time to be alive

With Decentralized Finance gaining attention, the real-life use cases are already started demonstrating the merits over traditional finance, paving a path to mainstream adaption. In this post, let us take a look at DeFi applications making to the top of the list. Refer to “DeFi I” earlier post to check what qualifies as a Defi App.

1) Smart contracts and self-custody wallets
2) Trading (market swaps, spot trading, margin, futures)
3) Lending to earn Interest + Borrowing based on collateral
4) DEX Aggregators (Like Expedia for finding best lending rates)
5) Yield Bouncers (move assets to highest interest automatically)
6) ETF-like exposure
7) Stablecoins and stable coin swaps
8) On-chain Options
9) Insurance
10) Derivatives (indices, commodities, forex, crypto)
11) Yield optimization and leverage
12) Sports betting + Prediction markets
13) Nonfungible tokens
14) No-loss savings, no-loss donations, etc.

The DeFi apps list is growing constantly. Build your learning curve and don’t miss DeFi opportunity.

Recommended Reading

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Window Of Opportunity – How To Take Advantage Of The New Crypto DeFi Surge Before It Passes You By