Managing multiple online identities in the DeFi space can be a real pain. Remembering multiple usernames, passwords, and seed phrases for different platforms is not only tedious but also poses a security risk. And let’s be real, no one platform has everything you need, so you end up bouncing around from wallet to exchange just to get the full DeFi experience. It’s a hassle, and it’s definitely not user-friendly. It’s one of those problems that doesn’t get talked about enough, but it’s definitely a roadblock for more people getting into DeFi.
ORE ID is an interesting decentralized solution that aims to solve this problem by letting you use one login for all your different identities across different chains. No more juggling multiple usernames and passwords. Plus, since it’s not controlled by any centralized entity, you don’t have to worry about your personal information getting compromised.
While we focus on the big hurdles to widespread adoption of DeFi, let’s not overlook the small but important roadblocks that are preventing new users from joining the space. These little things can add up and make the experience overwhelming, especially for beginners.
What other factors do you think really affect the spread of DeFi and how can they be solved? Share your thoughts in the comments.