Web3 developer Andre Cronje says Defi has come to stay

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Von Krypto News Österreich

2022 war kein großartiges Jahr für die dezentrale Finanzierung (DeFi). Die Branche selbst erlebte eine Implosion dank der unhaltbar hohen Renditen, die schließlich zum Zusammenbruch des Modells führten. Aber DeFi ist noch lange nicht tot. Eine ähnliche Meinung wurde vom prominenten Web3-Entwickler Andre Cronje geäußert, der sagte, er glaube nicht, dass hohe Renditen „längst vorbei“ seien und dass DeFi fast „null Wachstum“ verzeichne. DeFi wird immer noch einfach DeFi sein Gegenwärtig sind die realen Renditen für ETH, USDT, DAI und USDC relativ höher als im Jahr 2020, selbst inmitten eines eher inaktiven Marktes nach einem brutalen Jahr. Typischerweise stammen die …
2022 was not a great year for decentralized financing (Defi). The industry itself experienced an implosion thanks to the unsustainably high returns, which finally led to the collapse of the model. But Defi is far from dead. A similar opinion was expressed by the prominent web3 developer Andre Cronje, who said that he did not think that high returns were "long gone" and that Defi records almost "zero growth". Defi will still be simply defi, the real returns for ETH, USDT, DAI and USDC are relatively higher than in 2020, even in the middle of a rather inactive market after a brutal year. Typically, the ... (Symbolbild/KNAT)

2022 was not a great year for decentralized financing (Defi). The industry itself experienced an implosion thanks to the unsustainably high returns, which finally led to the collapse of the model. But defi is far from dead.

A similar opinion was expressed by the prominent web3 developer Andre Cronje, who said that he did not believe that high returns were "long gone" and that Defi records almost "zero growth".

defi will still be simply defi

The real returns for ETH, USDT, DAI and USDC are currently relatively higher than in 2020, even in the middle of a rather inactive market after a brutal year. Typically, the real yields offered by the Defi protocols come from the credit market and the trading fees. Investors who returned to empty sales had unloaded their tokens. But according to Cronje, this cohort of market participants is not yet confident enough to close their positions, which would be the "true return point".

The room is currently in a phase of low volatility of a persistent bear market. Therefore, Cronje explained that he did not believe that the time of high interest is "long over" because it was similar to "compare the current market with a non -sustainable and highly delusional market summit" instead of its progress.

In a recently published blog post, the Yearn.Finance inventor said:

"If you draw a growth diagram for TVL, return and trade volume and flatten the curve to avoid vibrations, it is a clear linear growth diagram. With every feasible metric, the real yield and definition have increased significantly."

The developer made a comparison with the Dotcom bubble and said the time did not destroy the Internet and required a next narrative.

"" These projects were born during this madness that became the anchor products that we use today. "

He continued that Defi does not need a new narrative or a "shiny new toy" to work. Cronje claimed that Defi will stay here together with other blockchain verticals such as social media, gaming, art, news, etc. However, he admitted the restriction to the current status and access to the underlying technology.

Bullische Defi forecasts

In the second half of 2022,

strong debt printing triggered the collapse of several prominent crypto companies. The total value blocked (TVL) fell over 76 %in the same period. However, experts believe that this failure will pave the way for "larger innovations". This was unveiled by OKX's latest report, which predicted that the room will be “revitalized” in 2023.

In addition, the blockchain-focused institutional asset manager Pantera Capital explained that Defi will be the basis of the next cycle of the crypto industry.

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