This article features an interview with Curve founder Michael Egorov, discussing the ongoing innovation in decentralized finance （DeFi） and the potential for real-world asset （RWA） tokenization.
Points
- Michael Egorov highlights ongoing innovation in DeFi, including projects like Pendle and Ethena.
- The potential for real-world asset （RWA） tokenization in DeFi is substantial.
- Decentralized technology can solve Web2 vulnerabilities and enhance on-chain solutions.
In an exclusive interview with crypto.news, Curve founder Michael Egorov argued that DeFi’s ecosystem still holds the biggest value proposition over speculative trends like memecoins. During the 2021 peak, sometimes called crypto summer, decentralized finance took the driving seat. DeFi tokens surged to all-time highs, and the narrative revolved around the so-called “future of finance” thesis.
The buzz has fueled talks that memecoins represent a major crypto use case as the preferred onboarding rail for retail money over DeFi. Egorov countered with a different take and said that DeFi deserves more attention than it’s getting. “I strongly disagree that innovation is not happening in DeFi. It does! The market just does not recognize it enough. Take Pendle, which deals with interest rate markets, or Ethena, a stablecoin leveraging shorts and Ethereum staking – both are excellent examples of ongoing innovation,” Egorov told crypto.news.
Egorov remarked that the situation may improve greatly when RWA tokens aren’t just created on-chain and arbitraged with real markets. “This would probably enable those RWAs to be used in more permissionless products, expanding their integration within the DeFi ecosystem,” Curve’s founder added.
https://twitter.com/DefiIgnas/status/1816806263491084757
In the exclusive interview with crypto.news, Egorov also said that decentralized technology solves Web2 vulnerabilities and that the industry must pivot toward more on-chain solutions for hosting services. “The real dealbreaker would be native support of ENS and similar decentralized DNS services by major browsers. And yes, decentralized hosting would be a very nice addition. This would eliminate most of the Web2 issues,” Egorov argued while speaking with crypto.news.
Egorov said that he thinks “DeFi apps have a very good chance of gaining traction in the TON ecosystem as soon as it can be fully launched （which, from what I hear, could be the case very soon）.”
解説
- DeFi continues to innovate with projects like Pendle and Ethena, highlighting the sector’s potential beyond speculative trends.
- Real-world asset （RWA） tokenization could significantly enhance DeFi’s integration and use cases.
- Decentralized technology can address Web2 vulnerabilities, promoting more secure and efficient on-chain solutions.
- Understanding the ongoing innovations and potential applications in DeFi can help investors identify promising opportunities.