I am still wondering why everyone is so excited about DeFi. What a project like HyperDAO can offer to the market which is not currently offered by any other form of centralized institution?
Transparency?
There is plenty of options offered by DeFi markets like HyperDAO. The list is long, I only include a few of the most interesting ones:
You can earn interest on crypto assets by holding on them. There are compound protocols and Dapps. We could mention Dharma, Celsius, Nexo, BlockFi, etc.
You can protect yourself against the failure of smart contracts with Nexus Mutual, Etherisc, etc.
You can bet on the outcome of any event with predictive market platforms, there are plenty of them, like Augur, Gnosis, Helena, etc. HyperDAO has its own predictive market platform.
You can hedge your crypto assets by means of derivative trading platforms.
You can store value in a crypto-backed stable coin like HyperUSD in time of extreme volatility.
Well, they already gave you a list. DeFi is the future of finance. It represents the first attempt to try to create stable coins backed by collaterals instead of fiat like USD. That is money whose value is determined by algorithms open and accessible to everyone and not by a central bank.