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The DeFi space is gradually realising its unique value proposition.
It is without a doubt that DeFi is still in the early stage where users still experience sufficient frictions in interacting with the DeFi applications.
However, the DeFi world is working together to grow and produce innovative solutions to reduce these user frictions and connecting the dots to form an integrate decentralized financial ecosystem with ample liquidity.
As we are building, learning and experimenting with the “money legos”, being an open, permissionless and interconnect financial ecosystem gives back significant power to the users, in the meantime, there are also significant risks associated with the DeFi space.
The oracle attacks, frontrunning, re-entry attacks, liquidity risk, and many more whether due to smart contract logical errors or poorly designed system mechanisms.
Users who wish to experience the DeFi world should at least aware and understand these potential risk factors before jumping straight to the DeFi bandwagon.
DeFi presents a significant innovation in the space, and the industry is still growing and learning from our traditional counterparts. TokenInsight Research believes the future of the DeFi space, its unique value proposition, strong growth potential and innovative concepts can drive the broader cryptocurrency market to another level.
At some point, proof of stake, centralized finance and decentralized finance will come together to form an enormous cryptocurrency financial ecosystem to achieve the potential of “money legos”.
Sophisticated derivatives products and instruments will be developed in the near future to add another layer of complexity in the already complex yet young financial ecosystem, driving innovation and experimenting various financial applications to achieve unimaginable future.
With the composability of decentralized finance, the untapped potential of building with the “money legos” is enormous.
We expect DeFi will grow in an exponential trend in the future with unprecedented liquidity to be presented in the space, combined with a concrete decentralized financial ecosystem to achieve mass adoption and bring decentralized finance to the world stage.