Ethereum (ETH) co-founder Vitalik Buterin thinks decentralized finance (DeFi) projects need to demonstrate that they’re “useful in a sustainable way” without sacrificing core principles like permissionlessness and decentralization.
Buterin says on the social media platform X that he’s a fan of decentralized exchanges (DEXs) and uses them every week, and he says the decentralized betting platform Polymarket “is great.”
He also likes decentralized stablecoins, specifically mentioning RAI, a crypto asset backed by ETH.
Additionally, Buterin praises the stablecoin USDC, which aims to maintain a 1:1 peg to the US dollar.
“I think USDC is less great than RAI, but as a practical matter, we simply have to respect that it’s incredibly convenient and lots of people use it.
It’s incredibly useful for me personally
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!