Decentralized finance (DeFi) emerged as one of the most potent innovations to stem from blockchain technology’s approach to decentralization. While the goal is to offer financial services to every unbanked and underbanked individual, the ins and outs of most DeFi applications and protocols are beyond the scope of the very consumers they are designed to help. Not only is there a steep learning curve involved, but the lack of easy-to-use interfaces and regulatory uncertainty are among the primary hurdles that have continuously thwarted mass adoption. On the other hand, traditional finance (TradFi) has its own set of shortcomings.
