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Decentralized Finance Usability (DeFi)

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Written by   168
2 years ago

Usability risk

Could DeFi be A risk, or better, a major weak point closely related to the technical implementation,

is the usability or user experience of DeFi protocols that are often complicated, unintuitive, and designed for crypto-native users.

DeFi projects have struggled to gain traction beyond those that are inherently familiar with Ethereum.

Many products require users to handle multiple tokens within their own, non-custodial wallets.

Realistically, it is still way too early for the mainstream audience to risk their money in this complicated and unchartered territory. Once the technical and regulatory risks are addressed, the UX of DeFi products will certainly be one of the top priorities for developers. Looking back to the mass adoption of the internet, where first applications were anything but »easy to use« compared to today’s social media platforms or intuitive brokerage services, one can be hopeful that DeFi will overcome this UX challenge.

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Written by   168
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It is still too early for mainstream listeners to risk their money in this complex and indigent region

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