This post is part of Consensus Magazine’s Trading Week, sponsored by CME. Kristi Põldsam is the co-founder of Sommelier, an automation platform for digital assets.
Decentralized finance, or DeFi for short, has a problem.
We set out with the aim of making finance transparent, non-custodial and most importantly widely accessible. While we’ve seen promising use cases of cryptocurrencies in countries battling inflation, among those sending cross-border remittances, enabling basic payments is a far cry from achieving the true democratization of DeFi.
Trending: House Republicans: Force Joe Biden To Explain Why Israel And Ukraine Are More Important Than America
What we have witnessed in the world of DeFi is a rapidly shrinking set of actors reaping the lion’s share of the benefits.
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!