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?
Defi is not a scam but to be honest, the hype was more than what ICO did back then. ICO was full of scam, we can't deny that but the effort some influencers used for people to think that Defi was the next thing after banks till today haven't convinced, traditional finance is a flop but the Defi hack hasn't proven otherwise, team pulling rugg and scam projects running off with people are not worth what Defi was supposed to be, it was just hype even though there people who still believe in it.
Another challenge I observed we have been fighting is liquidity and I'm wondering if we are going to continue like this, we have so many blockchains, more are coming soon in the new coming bull run and there are more that are still in the testing phase that will come by surprised, it has been a game of competition between developers and the investors are only after the profits running from one projects to another, will defi progress like this with this watch? I doubt this because progress and loyalty are what build a community but investors don't have that thinking, they are only after their profits and not the tech.