What DeFi Needs Next Year: Three Priorities

What DeFi Needs Next Year: Three Priorities 1

After driving down collateralization rates, the second priority for DeFi is greater diversity of synthetic assets. Look at MakerDAO: MakerDAO produces dai, a synthetic dollar-pegged stablecoin, with no actual dollars being held anywhere in the system. All requires is an ETH/USD price feed. If we just swap out that price feed for ETH/gold instead, suddenly we can produce a synthetic gold-pegged token through the exact same mechanics. Maker and UMA are two protocols that are pursuing this, and I expect we’ll soon see a wide array of synthetic financial assets. In the future, anyone with a mobile phone will be able to buy whatever financial asset they want from anywhere in the world, all mediated by crypto.

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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin29,021 0.11 % 0.53 % 0.81 %
Ethereum1,783.3 0.50 % 2.00 % 9.20 %
Tether1.002 0.02 % 0.14 % 0.05 %
USD Coin0.9989 0.16 % 0.08 % 0.04 %
BNB308.46 0.06 % 1.76 % 1.83 %
XRP0.3851 0.17 % 0.56 % 6.42 %
Binance USD1.002 0.08 % 0.05 % 0.07 %
Cardano0.9566 0.22 % 0.68 % 6.96 %
Solana44.10 0.09 % 5.44 % 11.06 %
Dogecoin0.08134 0.52 % 1.46 % 3.76 %

bitcoin
Bitcoin (BTC) $ 29,030.00
ethereum
Ethereum (ETH) $ 1,783.01
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 307.87
xrp
XRP (XRP) $ 0.384506
binance-usd
Binance USD (BUSD) $ 1.00
cardano
Cardano (ADA) $ 0.464551
solana
Solana (SOL) $ 43.88
dogecoin
Dogecoin (DOGE) $ 0.081693