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Blockchain Revolution Series: The Prospects And Roadmap For DeFis in 2020

What drives the Blockchain DApp builders choose to develop on Ethereum? When you keep thinking about this driving force in the recent trend, the access to network effects and developer tools offered through its high composability. It is easy for apps to interact with each other because of the permissionless nature of Ethereum smart contracts.

Within some DApp-building communities, particularly DeFi, composability significantly speeds up development timelines. But mainstream adoptability of DeFi in 2020 has been still dubious.

DeFi apps can bootstrap the UX of their apps by offering connectivity to tools like liquidity, banking services, and unique trading pairs. 

An example of this composability is a DEX like Uniswap which could be used to sell funds sitting in a MakerDAO CDP if one of their positions is liquidated. 

Ethereum 2.0 is structured differently from ETH 1.0, in that it focuses on DApps existing as unique shards under the umbrella of Ethereum.

While the entire cryptocurrency industry is struggling, the ethereum ecosystem continues to expand. Exciting new DeFi ventures are grabbing headlines every week, from decentralized VPN providers to blockchain infrastructure projects to payment providers.

Precisely, as the DeFi movement is on the verge of emerging, today’s total crypto market cap of $195B is over $150B shy of the assets managed. 

DeFi is going into the fold of mainstream financial services, DeFi projects must build on-ramps including better user interfaces, accessible products and services, and stablecoins in order to ensure the ease of usage to deal into the digital assets. DeFi developers should be meticulous of the hard truth about the sentiments lingering of the discomfort investing in digital currencies because of the huge price turbulence. 

While the stablecoins are the bridge between the centralized fiat assets to decentralized cryptocurrencies. The stablecoins replicates fiat currencies that can be a riddle for major cryptos, and DeFi projects.

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