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?
Op welcome to the Bitcoin Forum...
Coming to the point brother it is very strange to me that you are directly linking the DeFi with the so-called defi project and their shit coins, buddy I want to let you know that DeFi is known for its services, availability, and decentralization not by their utility tokens and shit schemes. Be careful while taking it into account, DeFi is in my view one of the best dimensions of the crypto space.
It is noting cover from anyone how helpful defi can be in any sort of situation, let's take an example of simple loan service, here from the bank if you want any sort of small loan as well, you need to do a lot of paper working not you have to provide the statement and blah blah other requirements.