DeFi should complement TradFi, not attack it: Ava Labs CEO | Davos 2023

DeFi should complement TradFi, not attack it: Ava Labs CEO | Davos 2023


Decentralized finance (DeFi) is on its way from becoming a small niche within the financial industry to something traditional finance (TradFi) is trying to incorporate. 

In an interview with Cointelegraph at the World Economic Forum (WEF) in Davos, Switzerland, Emin Gun Sirer, the co-founder and CEO of Ava Labs, spoke on DeFi’s role in TradFi ecosystems and what users can expect in a future where both are on center stage. 

Sirer stressed that the purpose of DeFi is not to attack or be an enemy to TradFi, but rather complement it, at least initially.

“I don’t think DeFi is meant to attack TradFi. DeFi is supposed to complement TradFi, at least initially,” argues @avalabsofficial‘s @el33th4xor when asked by Cointelegraph’s reporter @gazza_jenks at the @wef in Davos.

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