Ethereum co-founder Vitalik Buterin revenue from the low-risk decentralized financial protocol can provide the network economic stability-such as supporting Google Search on Google-while allowing non-financial apps that promote Ethereum culture values.
Low-risk defi can meet “essential tensions” in the Ethereum community if apps that bring enough income to securely maintain ecosystems that align cultural and ethical values that have brought people to Ethereum in the first place, buterin Says In a blog post last Saturday.
The former is a combination of unimaginable tokens, memecoins, and speculative trade, while non -financial and semifinancial apps reflecting Ethereum’s cultural values struggle to gain extensive adoption or not yet developed enough fees, he said.
“This disjointness has created a lot of dissonance in the community,” Baterin said, before making his case for the low-risk defi that Ethereum’s main generator. An example of highlighting Baterin is the deposit rates for stablecoin lending to Defi Protocol Aave, which rotates around 5% for blue chips such as Tether (USDT) and USDC (USDC) and more than 10% for an increased risk of risk.
Similarly, Baterin noted that Google is doing many “interesting and important things”-like the Chromium family of browsers, pixel phones, open resource AI Gemini models, and more-but the income they make from those products is a part compared to what it does through search and ads.
It came as total amount locked in Ethereum Defi recently Nailed $ 100 billion for the first time since early 2022. Defi TVL has been raised massively throughout the ecosystem during the 2022-2023 Bear Market, and TVL numbers largely ride the performance of the top layers 1 token in this bull market.
Related: Ethereum is the ‘largest trading of Macro’ for the next 10-15 years: Fundstrat
However, Defi has recently taken in the midst of increasing regulatory momentum, especially the Digital Asset Market Clarity Act, which is tint to push the Defi adoption even more. A recent survey from the Defi Education Fund has been found More than 40% of Americans are open to defi If a stronger law is placed in place.
Ethereum has the potential to “do better” than google
Ethereum has the potential to “do better” than Google because of its decentralization. Unlike Google, Ethereum’s decentralized structure Better low -risk positions Defi to align financial success with ethical outcomes, creating unity between “great labor” and “being good.”
“The income generator does not have to be the most revolutionary or Kapana -anxious application of Ethereum. But it has to be something that is at least unacceptable or unhappy.”
Buterin criticized Google’s incentive model, noticing that Income advertising The company was pushed to hoard user data, contrary to the original open-source and positive ethos.
Vitalik advocates for basket currencies, Flatcoins
While the low-risk defi is often about enabling easier access to US dollars-especially in low-income countries and high inflation-Baterin wants to see other innovations that provide economic support to Ethereum.
Blerin built the idea of developing cryptoassets that tracks a basket of money and Flatcoins which is directly based on Consumer price indices.
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