DeFi en masse? This platform could hold the keys to mainstream adoption
Although decentralized finance has taken the cryptocurrency markets by storm in recent months, DeFi protocols can still be hard for the casual investor to understand. An often dangerous mix of complex concepts and never-before-seen levels of return on investment can attract many everyday investors into risky positions that ultimately result in them losing their hard-earned money. With complicated user interfaces and opaque business models creating barriers for entry for investors, decentralized finance protocols will only […]
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Cointelegraph Consulting releases some trends and insights featured in their “DeFi Adoption 2020: A Definitive Guide to Entering the Industry.” The majority of DeFi projects believe the industry is far away from maturity, but they are sure that mainstream adoption is likely to occur. This was disclosed on Sept. 21 when Cointelegraph Consulting released the results of a DeFi survey in “DeFi Adoption 2020: A Definitive Guide to Entering the Industry.”The survey showed that 48% of the top projects in the DeFi space expect mainstream adoption to arrive after three to five years, while 8%....
PRESS RELEASE. B26 Finance, the world’s first blockchain-based self-banking service, has recently been released to the world. Being a relatively new project, developed and worked on for years, but officially launched 2 weeks ago (8/03/2021), B26 Finance has seen massive growth and adoption from the DeFi and crypto communities alike, with immense potential for mainstream adoption. Being a community and transparency-driven project, B26 Finance was created with the goal of helping common citizens become their own bank, removing encumberments and fees created by middlemen and third....
According to Kava Labs CEO Brian Kerr, the major reason that decentralized finance, or DeFi, has not yet hit the mainstream is that “93% of holders are never gonna touch their own keys.”Kava is a non-Ethereum-based DeFi platform that enables users to earn interest on the cryptocurrencies they hold. The investors Kerr hopes to reach are those who used an on-ramp like Coinbase or Binance to buy cryptocurrencies that are now sitting on the exchange. They are “worried about ‘fat-fingering’ and losing their funds in a transfer, or something like that,” he says. Being used to keeping their money....
A panel at the Blockchain Futurist Conference was asked about the future of decentralized finance and what was needed to be done to bring about mainstream adoption. A “killer app” for consumers is what will be needed to bring the decentralized finance (DeFi) sector to a level that draws in a mainstream audience, said Ripple Lab’s head of DeFi markets Boris Alergant.Alergant nade the comments during a panel at the Blockchain Futurist Conference titled "The Future of Decentralized Finance" on Aug. 9, which was covered by Cointelegraph reporters on the ground in Toronto, Canada. Alongside....
Decentralized finance (DeFi) has had an incredibly successful year in 2021 and there are still no signs of slowing down in the space. Investors are flocking en masse to this space that offers users rewards in return for the digital assets that they are holding on to. The opportunities in the space have continued to […]