From the time of its inception, the best real world use case of Blockchain technology has been in the realm of decentralised finance or DeFi. But for years it failed to gain traction due to three key things
Non inclination of financial institutions and governments towards tokenisation of real world assets
Very high annual percentage yields which made it seem like a game of blackjack than an actual stable investment option
Lack of institutional interest and integration into real world financial systems
This happens. Every new technology undergoes this curve of adaptation and 2023 was mostly a year for DeFi to shore back and consolidate after the scams and scandals of yesteryears.
But with meaningful and sustainable changes like Real Yield over APY, increasing interest in tokenisation of real assets, and more institutional interest in using the innovation offered by DeFI over blockchain for real world financial systems, the tide is starting to slowly re-shape.
2024 can turn out to be the surprise year for DeFi if it continues on this path of real world integration. But which DeFi protocols do we start looking at, given there are so many?
Ficha técnica
- Programa
- FrecuenciaDiario
- Publicación2 de enero de 2024, 16:33 UTC
- Duración10 min
- ClasificaciónApto