I feel like the world of DeFi is incredibly expansive. WE personally know that DeFi can literally do everything your bank can do at this point and it can do it a lot better. Humans as a whole do not really like change and I understand why this is going to take time to gain mass adoption.
I personally think and blame it on our exchanges. They currently feel lacking with CoinOvy being one of the few that I truly enjoy using. Don’t get me wrong, big exchanges like Binance and Coinbase are cool but there seems to be a ton of shady dealings surrounding them. That needs to change and I feel like more transparency is required before DeFi can truly begin to shine. Why use these exchanges when they aren’t any better than your bank?
Far, far better user experience. No one in the mainstream market is going to swap, pool, and farm, let alone claim rewards and re-deposit into the pool for compounding, or overly concern themselves with things like slippage or IL.
No one is going to do all this esoteric shit. And anyone who needs help isn’t going to join a Telegram or Discord server to get support.
No one is going to look at Dune charts to analyze key defi metrics for a given project.
Quite frankly, defi (like tradfi) isn’t meant for the average person. We are, in most cases, enthusiasts. Defi will be tools used by people in the financial sector. Think B2B, not B2C.
There needs to be some recourse for lost funds. Funds lost to scammers, smart contract hacks, death of wallet holder, sent to wrong address, etc need to be recoverable and reversible. Blockchain should not be immutable. We need a decentralized justice system; a decentralized government and rules, just to make things safe.
And if a decentralized government is willing to collect user data and comply with a national governments for i.e. tax collection, it might help adoption too as it gains better legal standing and the ability for decentralized protocols to comply with local regulations.
I’m all for privacy and self custodial crypto, but I think we need both types to exist, and fully regulated KYC crypto with reversible transactions can eventually become mainstream. If the community doesn’t make it, governments will. I’d much rather see a community project become successful.
We need Robinhood for DeFi, where people can understand whats going on with a user friendly interface and put funds in with two button presses. Imagine being a totally new user and looking at Curve’s site for the first time trying to figure out what the fuck is going on. It’s still too esoteric and the learning curve is too high for mass adoption.
With the amount of stolen funds it isn’t ready for the wide adoption yet.
Better security, and more real world assets being tokenized. If you could trade a tokenized version of a stock at all hours of the day, everyone would be here already. And by better security I’m referring to hacks on platforms people are depositing funds into. Crypto is only as safe as the code.
It’s about security, user experience, and diversity of products!
We need UI and insurance for stupid mistakes.
1) Decentralised customer support DAO’s. Those who provide support will get salary in tokens.
2) IBAN account no. to have gateway to pay “outside the wire”. Phone, insurance etc. payments
3) Decentralised on- and off-ramp
Everytime I looked at Curve’s website I thought ” one of these cool buttons will lose me money” 😂. So I stayed away.
Way too scammy at this point.
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🪙MegaMoon
A token designed to forever Moon and Burn !!!
🔰 Buy Tax:
👌🏾 7% Marketing & Development
🔰 Sell tax:
👌🏾 7% Marketing & Development
💰 8% BuyBack !!
💰 3% Staking rewards
💵 Presale on Pinksale
🤝 **Pinksale KYC + badge**
✅ Contract audited
📋 Sweepwidget Whitelist competition
🔒 Locked team wallet!
🔒 Liquidity Locked for 1 year
📜 Verified BSC Contract
🧢 CMC & 🦎 CG listing incoming
🌐 Website
📃 Whitepaper
🐦 Twitter
🌓 Join on Telegram