Getting Drawn Into DeFi? Here Are 3 Major Considerations
如果你甚至有一半的眼睛cryptocurrencyspace in 2020, then you can’t have missed the surge of news stories and emerging projects around悼念。Short for decentralizedbepaly下载app ，这个分段的支持者将其称为革命性的新金融体系，其中任何人都可以成为借款人，贷方，投机者或使用分散的投资者智能合同protocols.
It’s certainly true that there are no barriers to entry. Unlike a traditional financial setup where users would have to overcome several KYC barriers to open a bank account, request a loan or start trading stocks, decentralized finance is unregulated and, for the most part, free of any restrictions. And it’s not just users who benefit. Anyone with programming skills, or the ability to procure them, can put their entrepreneurial skills to work by setting up a decentralized application and start issuing financial instruments on区块形技术。
It sounds easy enough in principle. However, before entrepreneurs rush out and start building their own DeFi applications, or start researching their first DeFi investment, there are several considerations worth taking into account.有关：Defi如何重塑金融服务
1. Existing infrastructure can’t necessarily cope with market volatility
旗舰污染项目制造商在Crypto的“黑色星期四”期间遭遇了今年最高调的决定事件之一，当时世界市场在3月12日暴跌的世界市场的价值时。制造商是etereum.-based project that issues a dollar-pegged stablecoin called DAI, based on smart contracts called CollateralizedDebtPositions. Users deposit ether as collateral and take out DAI loans that they can stake in other DeFi applications to earn interest.
为了使已经糟糕的情况甚至更糟糕，当制造商清算合同时，它不会取消它。相反，贷款是为DAI拍卖的。在混乱中，鲨鱼开始盘旋并设法购买价值8320万美元的贷款for zero DAI.
2. Ethereum scalability is a DeFi bottleneck
While the issue of smart-contract vulnerabilities isn’t necessarily specific to Ethereum, the platform has been struggling with scalability issues since 2017. An upgrade, dubbed Ethereum 2.0, has been in the pipeline for several years now. However, the phased implementation means that the scalability challenge is likely to persist for longer yet.
These scalability limitations make Ethereum vulnerable to other platforms developing more scalable blockchains. From a DeFi perspective, Ethereum’s most significant advantage is that it’s already home to so many applications, offering a high degree of interactivity. This is where competitor platforms such as EOS or Binance Chain tend to be at a disadvantage.
However, second-layer solutions developed on the Ethereum base layer offer the ability to scale without needing to depart from the overall Ethereum ecosystem. For example,MITART网络从Coinbase Ventures收到早期支持，并在Binance的Launchpad平台上推出了其最初的令牌销售。与每秒15次交易中的以外响铃相比，Matic可以处理65,000。如果制造商在MICT上运行，可能会避免在黑人周四经历的级联问题。
I reached out to the engineering team at on such blockchain built using the Cosmos SDK,卡瓦实验室，了解为什么以为以为规模和安全问题。Lead Engineer Kevin Davis归咎于架构，说：“过去两年的每一个Defi Hack都是代码中错误的结果。如果他们用不同的语言编写，许多人就不会发生。Go是一种可靠的现代和安全语言，可用于各种应用，您需要安全性和可靠性。就像以太塞上那样支持这些产品的基链，确保并存储资产，正如我们所知的那样成为Defi的基础。“然而，这项技术在早期阶段，DECI是一个新的新兴市场。
3. Ethereum transaction fees are currently sky-high
Another reason for using a more scalable platform is the transaction fees on Ethereum. The current transaction pricing mechanism is a direct function of network congestion. The higher the volume of traffic, the more users will pay in transaction fees.
“Because of the limitations of the Ethereum network users don’t have the freedom to make all the decisions they want," says Denali Marsh, an engineer at Kava Labs. "For example if a user wants to diversify into 30 yield farming pools, it’s going to cost them nearly $3,000 in gas fees, and it’s not worth their time unless they’re yield farming with millions of dollars. A 3 percent yield on $100 million is a great return on investment, but you have to be trading with at least a million for it to be worth your time. For the considerations of cost savings alone, blockchains built on the Cosmos SDK like Kava make DeFi scalable and affordable for everyone to participate, not just the highly capitalized users."
Better Infrastructure and More Transparency Are Key to DeFi’s Future
悼念is undoubtedly an exciting place to be right now and poses many attractive opportunities for intrepid entrepreneurs. Nevertheless, it’s worth understanding the limitations of Ethereum and investigating the individual project as much as possible before playing with these products. As ever with cryptocurrency, the often-used advice to “do your own research” is in no immediate danger of becoming outdated.
Thankfully, there are those in the crypto space who recognize that there’s an information gap particular to DeFi, as users don’t have any easy or transparent means of researching up-and-coming projects.MarketPeakis a relatively new entrant to the sector, a fundraising platform for DeFi entrepreneurs. However, as part of an effective fundraising strategy, MarketPeak provides investors and market participants with in-depth research regarding the projects on its platform.
Even players from the centralized cryptocurrency space are seeing opportunities to get involved with DeFi from the perspective of helping to educate users. As Jack Tao, CEO of Singaporean-based exchangePhemex.告诉我，“Defi用自己的规则开启了一个全新的世界，为既定公司创造了作为教育和知识的既定公司，为如何正确使用这些新兴产品的知识创造了机会。分散金融的想法确实有很多固有价值。然而，一些治理令牌中的一些人简单超价，市场参与者了解风险很重要。“有关：The Great Potential Of Decentralized Finance in 2020
In the earlier years of cryptocurrency, it was often described as the “Wild West” of investing, and the same could be said of DeFi right now. However, the cryptocurrency segment quickly matured, and it seems like only a matter of time before DeFi does the same. With faster and more secure infrastructure, along with more transparency and accountability from project operators, DeFi stands a good chance of establishing a place for itself in the future of finance.