ICOLINK - ICO Listing Directory and Blockchain Community | "Link your ICO to Success!"
1 minute reading time (296 words)

Joey Krug: DeFi is the basis for Bitcoin growth

The investment director of Pantera Capital, Joey Krug

According to the management of Pantera Capital, projects of decentralized finance will become the "fuel" for the next bull cycle. The investment director of Pantera Capital, Joey Krug, noted that in 2022 the cryptocurrency industry faced many shocks, however, the year has become quite successful, and the DeFi sphere continues to develop rapidly.

In order for the adoption of DeFi protocols to increase significantly, three problems need to be solved, Krug believes. We are talking about not very convenient software for working with cryptocurrency wallets, significant transaction fees, especially on the Ethereum network, and the lack of a convenient way to transfer fiat funds into tokens. If we manage to solve these problems, then DeFi will become the basis for a new BULL cycle. Krug expects that these problems will be solved within 2-3 years.

DeFi protocols, which usually work with anonymous counterparties, continued to work. There are several reasons for this, including the use of aggressive risk control measures. The irony is that centralized organizations call such measures "harsh and ineffective." At the same time, centralized creditors themselves give users too favorable conditions, which results in the bankruptcy of such organizations..

said the investment director of Pantera Capital.

Joey Krug said that the algorithms on the basis of which DeFi protocols work turned out to be more reliable and better than "trust relationships".

DeFi projects simply cannot say that they should be trusted, that's why they studied at MIT and generally stand for everything good. On the contrary, their approach is that you should not trust anyone just like that. In addition, they usually work on the basis of open source and anyone can check the algorithms..

Krug recalled
3
Guilherme Nazar about launch of the Binance card i...
Christie Goldsmith Romero: prohibit exchanges from...

Related Posts

 
At the ICO List we accept cryptocurrency payments in BTC, ETH, BCH, DOGE, LTC, USDC, USDT, APE, DAI and SHIB
Coin Payments
ONE WEBSTUDIO

website tech support FixJoomla.com

ICOLINK.COM 2023 © All Rights Reserved

Share this page in Social Media: