DeFi Going To Take Over: $40 Trillion At Stake
Many do not understand how big DeFi can be. The money locked into protocols is growing along with that in applications tied to smart contracts.
In this video I discuss how DeFi is going to be integrated into everything along with the idea of tokenization. It is truly a transformative combination.
▶️ 3Speak
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this is unrelated.. but... I just started using inji.com to interact with hive.. it is pretty cool, and a little different than peakD.. on here, when you make a comment it give you two options to check, one is about rewards, and the other is about storing the content on the blockchain.. its pretty cool having the option/ability to not feel like im clogging up the chain and causing a burden, but still able to get rewarded for commenting and engaging..
Maby that is only when interacting with content that was posted via inji, because I dont have that ability with this comment. anyways, its cool to use new stuff haha
Posted via inji.com
Is that possible? Not posting the comment to the Hive blockchain, but still getting rewarded for it by the Hive blockchain? I am not an expert, but probably not.
In the last sentence, I started questioning what I was saying too.. I think that its only posts that are made via Inji.
Anything is possible, if your contract is smart enough.. or you have enough middle men.
It will be with the ceramic accounts that SpkNetwork is bringing out.
I have no idea about Inji but I guess it is possible for a front end to opt to NOT send something to blockchain.
Posted Using LeoFinance Beta
Inji is a very innovative front end. It seems like an epicenter of experimentation.
That is good we need that on Hive.
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I do think Defi is going to be great and liquidity pools beat having an order book to go through. However, I still think the general trend of farm tokens tends to lead downwards. The sinks and use cases tend not to be enough to maintain their price.
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Depends upon what is being done with them. We will get some inclination with the path of Polycub.
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Where do these numbers come from? How do they prevent counting multiple times the same satoshi first in Bitcoin chain, then wrapped in WBTC, then used as collateral for something like DAI that's then pooled and staked for yield?
Bitcoin on the base chain is not DeFi so you dont count that.
And then when something is wrapped isnt isnt necessarily DeFi either until it is staked in a protocol or application. HBD liquid is not defi but savings is.
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I hope you are correct, and you probably are, but I am still surprised that the pHive-Polycub pair only attracted 40k USD into its pool. I was expecting at least 5 times that by now...
Maybe I have to give it some time...
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I am with you. I would have have thought there would have been a couple hundred thousand HIVE moving over. Perhaps the issue is that price of POLYCUB. That might change once the price starts moving up.
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The current numbers you mentioned are already big and as you said will get even bigger in the next 15 years. How I wish many Hivers will be included in that $40T run. Longing to see DeFi taking over our current financial system.
On a side note, I am not sure if this dream is realistic, to see people cease buying the idea of economic and financial inclusion sold by politicians. The track record shows that they do the exact opposite. Some are now hopeless after seeing the outcome of yesterday's election here in the Philippines. I even read about someone contemplating migrating to another country. Just waiting for my chance to share that there is no need for that for one can choose to live outside the system by becoming part of a digital nation like Hive.
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Summary:
In this video, the speaker discusses the future of decentralized finance (DeFi) and the role of tokenization in reshaping the financial system. He emphasizes that DeFi has the potential to revolutionize finance by tokenizing assets like stocks, bonds, and derivatives. The speaker highlights the significance of protocols and smart contracts in the current DeFi landscape. Additionally, he explains how social media activities are being rewarded through tokenization, leading to the rise of the 'earn movement'. The speaker also delves into the challenges facing DeFi, such as the need for infrastructure, liquidity, and market depth. He contrasts the traditional financial system with DeFi, emphasizing the inclusive nature of tokenization and the role of community involvement in DeFi's growth. The video ends with a discussion on the exponential potential growth of DeFi in the coming years.
Detailed Article:
The speaker delves into the impending dominance of DeFi in the financial sector, projecting a timeline of ten to fifteen years for this transformation to occur significantly. He asserts that the tokenization of various assets such as stocks, bonds, and derivatives will completely reshape the current financial framework. The speaker underscores the current value within DeFi protocols, amounting to approximately $75 billion, and the additional $200 billion tied to smart contract applications.
The speaker draws parallels to the Hive ecosystem, specifically mentioning the Hiveback dollar and highlighting how funds locked up in protocols and smart contracts are growing exponentially. He explains how the rapid evolution of finance is revolutionizing how people interact with financial products and the increasing complexity of these transactions.
Moving on to the topic of tokenization and social media activities, the speaker outlines how the integration of DeFi into platforms like ActiFit can lead to new avenues of earning through cryptocurrency rewards. This 'earn movement' is depicted as a pivotal aspect of the DeFi ecosystem, providing individuals with various possibilities to utilize their rewards, including speculation, staking, or swapping for other tokens.
Furthermore, the speaker addresses the challenges facing the growth of DeFi, emphasizing the importance of infrastructure, liquidity, and market depth for sustainable development. He cautions against the oversimplification of replacing traditional currencies with decentralized alternatives, stressing the intricate network of factors and stakeholders involved in such a transition.
The speaker concludes by emphasizing the substantial growth potential of DeFi in the coming years, projecting a possible trillion-dollar milestone within a relatively short time frame. He stresses the importance of increased infrastructure, investment, and innovation in DeFi to reach the envisioned multi-trillion-dollar scale by the end of the decade. This detailed analysis provides valuable insights into the evolving landscape of decentralized finance and the significant role that tokenization and community participation play in its progression.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.