Something is wrong with DeFi, and it won’t be fixed until projects focus more on improving usability, security and self-regulation.
The user experience for most platforms is sub-par to what would be expected when dealing with multi-million dollar platforms and the layouts can be complicated, along with poor documentation that leaves users frustrated.
Ultimately, a better system of educating the public about DeFi in a trusted setting is something that is needed to help the mass adoption process, otherwise you face the same problem of the current financial system where only a small portion of the population reaps the benefits.The DeFi sector is often referred to as the wild west due to the ability for anyone to launch a project with flashy promises only to pull the string on naive investors and leave them with a worthless token.
A third factor that is at the top of the list for many DeFi analysts is the need for greater regulatory clarity. Thanks to the recent Terra ecosystem collapse, regulation could be one of the first challenges that DeFi has to resolve.
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