The high operating threshold of DeFi still restricts the entry of many people |

Since June last year, the ecological application of DeFi has blossomed everywhere, covering all aspects of the financial field from insurance, lending, financing, options, etc., and more and more blockchain projects have entered this track. Whether it has reached maturity What about the stage?

In my opinion, the development of DeFi is still in the 1.0 stage, and there is still a great possibility of development. It is not limited to this. The main reason is that although it has allowed the public to accept the concept of blockchain, financial applications are still small. Popularization is far from reaching everyone's participation.

We can compare traditional finance with today's DeFi. Everyone can have a bank card, and they can store this account regularly to achieve the purpose of continuous appreciation, regardless of age. Today's DeFi, although it is much more convenient to operate than in previous years, still many people just ignore it due to the high operability threshold and the mixed application projects.

Anyone who bought Bitcoin in the early days of the blockchain field is aware of its complexity. If you have played with projects such as Uniswap, Compound, and Maker DAO last year, you will feel that its iterative update is the key to the influx of investors.

Although Uniswap has been able to be used conveniently in the wallets of many mobile phones, I still want to give you a brief summary of the operation process of participating in Uniswap liquidity mining in the early stage:

1. Own a computer and download Google or Firefox browser;

2. Be able to turn on the vpn switch and enter foreign websites;

3. Download the metamask web version plug-in;

4. Register the wallet and back up the mnemonic;

5. Deposit a certain amount of Ethereum into the account (if you have already purchased ETH on a centralized exchange);

6. Open uniswap.org, enter the [Applications] interface, and select mining;

7. According to the prompted currency, exchange it on uniswap (if you need two currencies, you may need to exchange with ETH first, and use the two currencies to exchange twice);

8. Return to the mining interface, select the corresponding mining pool, and complete the Ethereum pledge and gas fee payment;

9. Pledge the currency that has been exchanged, sign it, complete all operations, and wait for the income.

Although there are many competitors, Uniswap is still the most widely used decentralized exchange because it supports the listing of various currencies. For the newcomers who entered the venue, they didn't seem so friendly.

Then in the future, if the DeFi application can be made like the current mainstream APP, the steps can be completed without thinking, and the loss of funds caused by operational errors can be reduced, so that more retail investors under the chain can be attracted to enter the market .

I think DeFI now has a very big bottleneck that needs to be broken, that is, many forked coins and altcoins have no practical value. Their appearance can only make more people understand DeFi with doubts, but the newly entered funds are harvested , and finally left with regret.

Although the bull market is coming now, the high gas fee has also raised the cost threshold. All the princes are solving this problem. However, the altcoins are still harvesting, making people mistakenly think that the price is the main purpose of DeFi, which is not conducive to the development of the DeFi ecosystem. Real development will only ruin the concept of DeFi in the market. Focusing on the current solution, it is necessary to have a strong alliance chain to improve the supervision process and leave truly practical DeFi products.