What DeFi Needs Next Year: Three Priorities

After driving down collateralization charges, the second precedence for DeFi is bigger variety of artificial belongings. Look at MakerDAO: MakerDAO produces dai, an artificial dollar-pegged stablecoin, with no precise {dollars} being held wherever within the system. All requires is an ETH/USD worth feed. If we simply swap out that worth feed for ETH/gold as a substitute, instantly we will produce an artificial gold-pegged token via the very same mechanics. Maker and UMA are two protocols which can be pursuing this, and I anticipate we’ll quickly see a big selection of artificial monetary belongings. In the long run, anybody with a cell phone will be capable to purchase no matter monetary asset they need from wherever on the earth, all mediated by crypto.

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