Charles Hoskinson, CEO of IOHK recently seen talking about Cardano and Decentralized Finance (Defi). He has talked about Defi in his recent video on YouTube. According to him, he is directly involved in the discussions regarding Defi to keep a check on whether there are proper resources or not.
Hoskinson talks about Defi bonanza reviving Ethereum
In his entire video, Hoskinson talked about Defi and its advantages. He also mentioned the Defi bonanza reviving Ethereum and claims that the first-mover advantage in Defi is a disadvantage. He said, “You actually want to be in the imitator, the second-mover category for Defi, and I think we’ll have a lot more luck than the first movers did in the space.”
Even though Hoskinson seems quite positive towards Defi but a lot of people from the industry are also quite sceptical about Defi. Despite the fact that more than 5.1 million is locked in the Defi applications. Changpeng Zhao, CEO of Binance does not seem to support Defi as he said that very few of them will end up being successful.
Ethereum as layer 2 solution for Bitcoin
It has been seen that Defi is getting some huge recognition in the whole crypto space. Among all, one of the most notable trends in this is Ethereum being the major layer 2 solutions for Bitcoin. Wrapped Bitcoin (BTC) which is the biggest version of ERC20 Bitcoin has recently reached $400 million locked in value. Along with this, Hoskinson has said he will love to see synthetic tokens in the next 12-24 months. From the beginning only there have been huge predictions regarding cryptocurrency in the whole crypto space. In this case, also there have been several predictions and perspectives regarding the Defi market. Hoskinson has also claimed that the dismissal of other coins by Adam Back and Tone Vays is currently harming the movement.
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