How DeFi will change the world?

DeFi can address many of the flaws in the existing financial systems, including giving the unbanked access to the financial system. In the coming years, DeFi can offer improved transparency, more robust security while replacing many of the outdated processes.

Why do we need decentralized finance?

Decentralized finance is quickly rising as a more secure, more transparent, and more efficient alternative to traditional financial services. By eliminating the need for centralized financial institutions, we create a more open and trustworthy financial system, and one that’s far more accessible.

What will be the biggest development in DEFI in 2020?

Therefore, he believes that “the biggest 2020 development in DeFi is the demise of the narrative that ETH 2.0 is a viable future platform,” he said. Therefore, he believes that the price of Ether tokens, $469 at press time, is due for a correction.

Will 2020 be the year of the Defi Renaissance?

Some community members have already dubbed 2020 the year of the “ DeFi Renaissance .” Amidst the global health and economic crisis, stablecoins have risen in popularity bringing new institutional and individual players into the market. DeFi token values have surged by 200per cent since the beginning of the year.

Why is interest in DEFI growing in the crypto industry?

This expanding interest in DeFi may be a magnified version of what is happening in the crypto industry more generally: “with so much uncertainty in the world, people are looking towards an alternative solution,” Becker said. Steven Becker, chief operating officer and president of DeFi platform MakerDAO.

What’s driving Defi forward in 2020?

The DeFi space is exploding in 2020. What’s driving DeFi forward? And is innovation outpacing viability? 2020 has been a dramatic and powerful year for the cryptocurrency space as a whole: Bitcoin’s crashes and surges, waves of new users, and changes in monetary policy seem to be paving the way forward for further growth of the crypto space.