The DeFi 2.0 Wave
KeplerSwap is already implementing new ways of attracting users and getting them to stay active on its platform; this will be made possible through the adoption of DeFi 2.0.
The DeFi space has been evolving with a lightning speed. Just when you think you’re up to speed with the latest developments and happenings in the space, something new often pops up. Brace yourselves for the next generation of decentralized finance – DeFi 2.0.
What is DeFi 2.0?
DeFi 2.0 is an upgraded version of DeFi attempting to fix the existing weaknesses and leverage on the strengths of the current DeFi, which can open even more promising possibilities for users.
Thanks to the development of Blockchain technology, Decentralized Finance (DeFi) allows people to access and use Decentralized Applications at their convenience without being under the control of any entity or organization.
Despite that, it still has some drawbacks, which is why DeFi 2.0 is an imperative addendum.
The existing limitations of DeFi
A few obvious limitations that exist in the current DeFi can be seen as:
Scalability: High gas fees, long waiting time which badly affect users’ experience.
Liquidity: Liquidity is like core of any market. In DeFi, it still remains low.
Centralization: In spite of the fact that it is “Decentralized Finance”, a majority of existing Dapps are still centralized.
Security: DeFi contains enormous underlying risks, while security is still mostly unnoticed.
Oracle Attack: DeFi heavily relies on Oracles. However, there are still projects that do not comprehend their importance and refuse to integrate with a trustworthy Oracle. As a result, a wide range of protocols have been attacked and had to compensate for the losses.
Capital Efficiency: Technology advancement has increased capital efficiency, but there is still a massive amount of assets not being optimally utilized.
Why KeplerSwap is Adopting DeFi 2.0 ?
DeFi 2.0 programs new route for protocols to address existing issues, including scalability, governance centralization, and liquidity mining. DeFi 2.0 holds the prerequisites necessary for abiding by regulatory norms, while still maintaining autonomy.
As we all know, the mainstay of the KeplerSwap ecosystem is about connecting all members who can provide liquidity to the community. KeplerSwap will use liquidity rewards as a means of attracting users to the platform.
DeFi 2.0 will profoundly encourage user engagement, it will shift the focus from just reaping mining rewards to building a sustainable platform with incentives for long term liquidity contribution; this will ultimately prompt more users to make use of the keplerSwap platform.
The DeFi space is getting more advanced, and at the same time, DeFi adoption is the new wave. All these are giving us a hint of the sector that will attract the most attention, as well as more cash flow in the near future. This is absolutely why you should not miss out on KeplerSwap – the DeFi 2.0 explorer!