Uniswap Coo: Now it is time for community members to drive growth ahead

Uniswap Coo: Now it is time for community members to drive growth ahead

While the aftermath of the Terrausd Kern melt is developing this month and the markets for cryptocurrencies are expanding their sale, managers in the industry are asking their communities to remain strong.

"One of the advantages of a bear market is that other sources of validation are eliminated", Mary-Catherine Bader, Chief Operating Officer from Uniswap Labs, said during a panel discussion at the Permissionering Conference in Palm Beach. "Everything you really need to know is whether what you build works and whether people will use it."

other conference speakers agreed and chose the opportunity to concentrate on what developers are building and what they are happy about, in contrast to negative narratives around the industry.

Stani Kulechov, founder and CEO of AAVE, said he was shocked by how quickly the industry has grown. It is not a little thing to include billions of dollars in smart contracts, and it happened in just a few years.

The industry leaders of the decentralized finances (defi) look beyond today's market conditions, and rightly so, the speakers said. Uniswap The main focus of Labs is currently at the simplification of the user experience, added loaders.

"To get out of a baisse, we need enthusiastic people and we need capital," said Robert Leshner, CEO and founder of Compound Labs.

The source of the capital that he relies on? Institutional investors.

"In the past, defi has been led by individuals ... But our focus is currently on how we get an entire class of users in the system," said Leshner.

"We focus on enabling institutions with billions of dollars to use capital safely in Defi"

Despite the optimism of the discussion participants, the question remains how the collapse of Terras StableCoin could affect the rest of the industry. The supervisory authorities are of the highest alert, they agreed.

"Terra and Luna and VAT are their own ecosystem, but it has a big impact on everything," said Leshner. "I am worried that the nuances are lost, the positive is overshadowed by the risks and will be tried in the next few years to distinguish the good actors from the bad."

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The Post Uniswap COO: Now is the time for Community Members to Drive Growth is not a financial advice.