How to Avoid the Death of DeFi in the Wake of FTX

As we’ve seen the number of DeFi users stagnate, and its total value locked decline, it is clear that widespread popular adoption isn’t happening on its own. Without a fundamental raison d’etre, DeFi looks less like a financial revolution and more like a pyramid scheme. To build lasting value, DeFi needs to focus on economic integration, not selling steak knives. We will not see sustained DeFi growth until markets see blockchain as a system compatible with the requirements of real world economics

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