Second, the DeFi community should create products and services for a greater share of the population. Trading and arbitrage platforms are useful for day-traders and hedge funds, but the people who need DeFi the most are not looking to actively trade crypto assets. DeFi projects must rediscover the original purpose of bitcoin by focusing on peer-to-peer exchange and removing toll-collectors from financial services. Projects like Celsius Network (of which I’m CEO), Voyager, Compound, and Monarch, among others, are providing more common financial services like lending, interest income, wealth management, and collateralized loans. Offering these services will allow DeFi projects to expand their reach by providing real value to more people across the world, no matter income, age or location.
How DeFi Goes Mainstream in 2020: Focus on Usability
This article was originally published by Coindesk.com. Read the original article here.