How DeFi Goes Mainstream in 2020: Focus on Usability

How DeFi Goes Mainstream in 2020: Focus on Usability 1

Second, the DeFi community should create products and services for a greater share of the population. Trading and arbitrage platforms are useful for day-traders and hedge funds, but the people who need DeFi the most are not looking to actively trade crypto assets. DeFi projects must rediscover the original purpose of bitcoin by focusing on peer-to-peer exchange and removing toll-collectors from financial services. Projects like Celsius Network (of which I’m CEO), Voyager, Compound, and Monarch, among others, are providing more common financial services like lending, interest income, wealth management, and collateralized loans. Offering these services will allow DeFi projects to expand their reach by providing real value to more people across the world, no matter income, age or location. 

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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin28,884 0.03 % 2.50 % 4.93 %
Ethereum1,761.0 1.86 % 8.32 % 12.99 %
Tether1.002 0.03 % 0.18 % 0.07 %
USD Coin0.9989 0.16 % 0.08 % 0.04 %
BNB296.14 0.48 % 7.54 % 3.74 %
XRP0.3967 0.38 % 1.06 % 5.92 %
Binance USD1.004 0.83 % 0.49 % 0.05 %
Cardano0.9566 0.22 % 0.68 % 6.96 %
Solana41.16 1.15 % 11.12 % 21.36 %
Dogecoin0.07743 0.68 % 4.93 % 11.08 %

bitcoin
Bitcoin (BTC) $ 28,791.00
ethereum
Ethereum (ETH) $ 1,734.59
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 292.89
xrp
XRP (XRP) $ 0.393716
binance-usd
Binance USD (BUSD) $ 1.00
cardano
Cardano (ADA) $ 0.45283
solana
Solana (SOL) $ 40.38
dogecoin
Dogecoin (DOGE) $ 0.076943