DeFi Poised for New Era in 2024 with Modular and Accessible Financial Services
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DeFi is entering a new phase in 2024 with optimism due to regulatory approvals, monetary policy shifts, and Web3 innovations.
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DeFi v1 saw unsustainable yields, dominance of complex "monolith" protocols, and security issues that deterred adoption.
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DeFi v2 needs more modular "micro-primitives" for developers, risk management for institutions, and simpler UX for retail investors.
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Macro conditions now enable a utility-driven DeFi v2 that is organic and simpler to validate as an alternative financial system.
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DeFi v2 must combine granular primitives for developers, robust services for institutions, and improved experience for retail.