I used to think this, but working with DeFi on Ethereum for a while I've realized the killer feature is actually permissionless composability. Which is why enterprise block chains make little sense.
Having one neutral platform, controlled by no one, with standardized API's and immutable open programs that anyone can permissionlessly build on - is amazing.
We've never had this before, and it's incredible how fast the DeFi space is moving because of it. I work for a platform (Balancer) that has had over 20 different companies (Aave, Element, CopperLaunch, Gyro, Aura, Hidden Hand) build financial applications on top of our tech stack in the last 2 years.
Then there are different wallets (Metamask, Rainbow, Ledger), aggregators (1inch, Matcha, 0x), portfolio management tools (Zapper, Zerion, DeFi Saver).
All of these work with each other mostly out of the box and without any formal partnerships between anyone. This is a radical new way of building finance and it's the fastest paced industry I've ever been a part of.
It's similar to AWS where it got exponentially more valuable as each new service was added - but the entire world can contribute to it. Like AWS people didn't understand the value initially, but over time they realized how big of a deal it was as more and more components were added.
Having one neutral platform, controlled by no one, with standardized API's and immutable open programs that anyone can permissionlessly build on - is amazing.
We've never had this before, and it's incredible how fast the DeFi space is moving because of it. I work for a platform (Balancer) that has had over 20 different companies (Aave, Element, CopperLaunch, Gyro, Aura, Hidden Hand) build financial applications on top of our tech stack in the last 2 years.
Then there are different wallets (Metamask, Rainbow, Ledger), aggregators (1inch, Matcha, 0x), portfolio management tools (Zapper, Zerion, DeFi Saver).
All of these work with each other mostly out of the box and without any formal partnerships between anyone. This is a radical new way of building finance and it's the fastest paced industry I've ever been a part of.
It's similar to AWS where it got exponentially more valuable as each new service was added - but the entire world can contribute to it. Like AWS people didn't understand the value initially, but over time they realized how big of a deal it was as more and more components were added.