Hi all, I've been reading here for a while and decided to join your busy place. What do you think about DeFi for the next several years. Will it fade away, like most ICO's, stabilize and get much easier to use, or continue with wildly volatile tokens and hot new projects that keep getting major hacks? I love the subject and think the short and sweet DeFi is a prefect name since the whole internet population is used to WiFi.
What do you think, are we looking at a passing fad, something that gets "re-branded or re-invented" after the hacks settle down, and/or is DeFi currently on a path to keep getting stronger?
Comparing Defi with ICO is like comparing a high-speed train with a horse carriage. When one is getting more innovative day by day other one just fades away for not being so innovative. While having a bank account from opening till using it can take several days, your grandma can use a defi application without any hassle. You can do everything that a bank can do with less energy and time consumption, less fees. It's not like the use case has been shifted towards something more innovative.
After so many Defi hack, exploit, and rugg pull we are still here and people are using it. That means there are still so many uses in defi and people find it convenient for them to use it. It is not going to fade away at least if there isn't anything more secure and user-friendly than the current Defi application and services.