DeFi’s quest to reimagine finance must come from a community-based design -Breaking
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Crypto is seeing a surge in new uses for liquidity mining and reaping rewards via protocols such as Aave and Compound. Recent developments include the development of DeFi 2.0 protocols like OlympusDAO, AlchemixAnd AbracadabraWe are exploring alternative ways of working that don’t involve giving up token rewards.
Even though there are many innovations in crypto decentralized systems, the system is still not able to create new opportunities for the economically marginalized. DeFi, in its current state, is only open to individuals who are already able to access the financial system and have strong financial markets. DeFi’s growth has been driven in part by crypto degens.
Nikhil RaghuveeraHe is an innovation and strategy partner at Celo Foundation, where he works on DeFi to real-world applications and financial inclusion. He is also a Nonresident Fellow at the Atlantic Council’s GeoTech and GeoEconomics Centers. At the Atlantic Council, his research focuses on decentralized technology as well as the intersection between technology, social inequalities and oppression. Nikhil worked previously in economic consulting, management consulting and nonprofit management.
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