What will happen to DeFi sooner or later?

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What will happen to DeFi sooner or later?

I think almost every day, There's a new issue about Celcius. Even Blockfi is having some problems. Many other DeFi projects' reputations have suffered due to recent hacks, bankruptcy, and other events. DeFi's goal is to provide financial services to anyone with a smartphone and an internet connection.

That's all there is to it. But it's easier said than done. Even before all of that happened, there were still a lot of problems that needed to be fixed with DeFi, like accessibility, inefficiency, scalability, interoperability, and more, before we could aim for mass adoption.

It's a good thing that a lot of DeFi projects are making solutions for some of the problems we are currently dealing with or have a feature that helps user experience better… For example, Aave stated that "significant risk mitigation features" would be included in their V3, RAI by Reflexer goes back to its roots, drawing inspiration from the early days of stablecoins to provide crypto-native stability, Zunami, a yield aggregator for stablecoins that can provide cross-chain liquidity, and Beefy finance a Multi Chain Yield Optimizer that allows users to maximize their asset returns while eliminating the cost and hassle of daily harvest.

Also, Because decentralized exchanges now account for a significant portion of crypto trading volume, it is clear that these platforms will play an important role in the future smart economy. Also, Automated market makers, in particular, altered the game by eliminating the need for order books and replacing them with liquidity pools. This model benefited traders executing swaps and liquidity providers incentivized to supply tokens and earn fees from traders.

So, it's a win-win situation. But, despite these great developments and significant projects, many people do not like DeFi just because of the recent events. What will DeFi's future look like if this negative insight continues?

submitted by /u/machinistporitoidc
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