Roundtable: "Market DeFi Trends & Expectations In 2024"
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Guests: Eden, Co-Founder of AARK DigitalRitwik Rudra, Co-Founder of SYNTHRBrian Gallagher, Co-founder of Partisia Blockchain Top 3 Key Takeaways from Our Guests 1. "There are still significant adoption hurdles for DeFi" The speakers emphasized that user experience (UX) issues are the primary obstacle to the wider adoption of DeFi solutions. They pointed out that challenges such as wallet experiences and incentives still pose significant adoption challenges. Additionally, they suggested that there is a pressing need for user support in the DeFi space, and highlighted the importance of providing more customer support to help users better understand these tools. 2. "Having multiple blockchains is necessary for innovation and quality improvement" During our discussion about the future of the crypto space and its impact on DeFi, the speakers had differing opinions. While one speaker wasn't convinced that RWA, AI, and SocialFi would have a lasting impact, others saw great potential in these areas and believed synergies could exist. Additionally, there was a debate about the need for new blockchains and whether Ethereum was the only one required. However, some speakers felt that multiple blockchains were necessary to drive innovation, create solutions that challenge other systems, eliminate issues such as high fees, and give builders more control. 3. "Creating a seamless on-chain experience is crucial for retail users and investors" The speakers raised an important issue regarding DeFi. There are several problems with DeFi, such as high slippage costs, lack of liquidity, and VCs controlling tokenomics, which results in retail investors being excluded from participating. This makes it less attractive for retail investors to engage with DeFi. Therefore, DeFi protocols must continue to focus on interoperability and building efficient liquidity layers. This will lead to wider adoption and democratization of DeFi.
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