'The New Wolf of Wall Street: DeFi 2021 Overview and 2022 Outlook' by crypto_clarke cryptocurrency blockchain
Decentralized finance is an umbrella term for various blockchain-powered financial applications geared towards democratizing access to financial products and disrupting financial intermediaries. Decentralized finance expands the use of blockchain and cryptocurrencies from mere value transfer to more complex financial use cases.
These lending protocols offer loans that are over-collateralized. The lending landscape is now becoming diverse with the introduction of new protocols that come with various tweaks and target specific niches. Cream is one of the protocols that tried to onboard various long-tail assets onto its money market. Rari’s Fuse and SushiSwap’s Kashi are other examples that introduced isolated lending pairs but were characterized by capital inefficiency.
Users may opt to trade through DEX aggregators when liquidity gets fragmented. However, only about 13.9% of the volume of the decentralized exchange originated from these aggregators in 2021.Perpetual futures contracts contribute to the biggest crypto market by volume. Perpetual Protocol was the most used in the derivatives in the first half of 2021. Perpetual futures do operate in isolation from other decentralized finance protocols.
Centralized event oracles are what Polymarket relies on for settlement purposes. However, we expect that prediction markets will utilize decentralized event oracles that are corruption-resistant and economically sound as the market grows.shows that only 7% of users belong to both categories. Protocol users are looking for neutrality and longevity of the protocol. Token users seek to extract the protocol’s short-term value, even if it means compromising long-term sustainability.
Euro stablecoins look promising and form the second-largest group so far. The DeFi space already has two liquid Euro-pegged stablecoins; STATIS EURO from STATIS and sEUR from Sythentix. Their market caps are $102.2 million and $118.7 million, respectively. The sEUR-EURS pool, whose TVL is $109.8 million and incentivized by Curve, is the primary source of demand for these stablecoins.
Tokenized real-world assets will benefit a lot from the existing DeFi and blockchain infrastructure. RWA can be tokenized as NFTs on the Centrifuge blockchain. These tokenized assets can be financed through DeFi. Tinlake, the investment portal for real-world assets on Centrifuge, has over ten RWA pools with a TVL of over $44.4 million.There have been loads of experiments on the DeFi space over the years.
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