The Future of Decentralized Finance I Blockchain Futurist Conference 2022

Explore the future of decentralized finance, covering the importance of stablecoins, institutional adoption, governance, and infrastructure development in a rapidly evolving landscape.

Key takeaways
  • Decentralized finance (DeFi) is still an experiment and hasn’t yet figured out the right strategy
  • Stablecoins are crucial for DeFi, and a day won’t come until a stable coin with a strong foundation is developed
  • KYC and regulation are becoming increasingly important, and institutions will be bound by the same laws
  • DAOs are interesting, but still need better technology and development to work properly
  • DeFi needs better governance and better best practices for DAOs and liquidity pools
  • Institutions will enable consumers and deliver value to them
  • Stablecoins need to be backed by real-world assets and bring value to the system
  • The interest rate environment is high, and borrowers are looking for new markets, which could drive DeFi growth
  • Institutional adoption of DeFi is expected to be the next phase, but it requires clarity on regulations and corporate structuring
  • The concept of DeFi needs to be defined and standardized
  • Gamification and incentivization are important in DeFi, but so is transparency and user experience
  • DeFi companies and institutions should prioritize consumer protection and follow the same laws and regulations
  • Stablecoins with backup plans and automatic freezing mechanisms can mitigate risk
  • DeFi needs better infrastructure, including interoperability, scalability, and composite lending
  • Institutions will need to balance regulatory requirements with the need for innovation and customer demand
  • Consumer adoption of DeFi will require education and user-friendly interfaces.