The ETHEREUM co-founder of ETHEREM said that revenues from low-dangerous decentralized financing protocols could give the network economic stability-as it supports Google Search Google-while allowing non-financial applications that support the cultural values of Ethereum.
Borin said in a blog on Saturday that low -risk Defi can address “important tensions” in the ETHEREUM community on whether the applications that achieve sufficient revenues to maintain the economically ecosystems are in line with the cultural and moral values that brought people to Ethereum in the first place.
He said that the former was a mixture of unique symbols, mechanicals and speculative trading, while non -financial and semi -financial applications that reflect the cultural values of Ethereum are struggling either to gain widespread dependence or not generated sufficient fees.
“This separation has created a lot of dissonance in society,” Burin said, before his case spent a low -risk Defi, is the main birth birthday generator. An example of this is that Buterin is the most prominent deposit rate for stablecoin lending on the Defi protocol, which hovers about 5 % of blue chips such as Tether (USDT) and USDC (USDC) and more than 10 % of high risk surveys.
Likewise, Burin pointed out that Google is doing many “interesting and value things”-such as their Chromium family of browsers, pixel phones, and their Gemini AI are open source, and more-but the revenues that you achieve from these products are a small part compared to what makes it through research and ads.
This comes at a time when the total value that was secured on ETAREUM Defi recently exceeded $ 100 billion for the first time since early 2022. Defi TVL has greatly linked the ecosystem during the 2022-2023 bear market, and TVL numbers were largely left to perform the first-layer symbols 1 in the bull market.
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However, Defi recently chose amid an increase in organizational momentum, especially the law of the digital assets market, which tends to pay DEFI so far. A recent survey from the Defi Education Fund has found that more than 40 % of Americans are open to Defi if stronger laws are placed.
Ethereum has the ability to “do better” than Google
ETHEREUM has the ability to “do better” than Google because of a decentralization. Unlike Google, the decentralized ETHEREUM structure puts Defi on a low scale to align financial success with moral results, creating a harmony between “doing well” and “to be good”.
“The revenue generator should not be the most revolutionary or exciting app. But it should be at least unethical or unprocessed.”
Borin criticized the Google incentive model, noting that the advertising revenues drive the company to store user data, conflicting with its original open spirit and positive source.
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Although low-risk Defi is often about enabling access to the US dollar-especially those in low-income and high-inflating countries-Potterin wants to see other innovations that provide economic support for Ethereum.
Burin developed the idea of building encoders that follow a basket of currencies and its areas that are based directly on consumer price indicators.
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