Jigstack

Anyone with a basic understanding of the current DeFi ecosystem will know there is anything but unity or standardization to speak of. Despite being home to hundreds, if not thousands of projects, currencies, tokens, and assets, there is no uniformity to speak of. While that may appeal to existing cryptocurrency users, it creates several major roadblocks for those looking to become part of this industry.

Ethereum and other blockchains lend themselves well to building new concepts through blockchain technology and smart contracts. Despite providing access to these innovative technologies, individual projects and assets have no direct communication line to one another. The necessary infrastructure to create a non-fragmented system remains difficult to come by. The end result is a mess of DApps ranging from terrible quality to excellent design and an evident dilution of value pools.

Empowering the user through financial means is one of the crucial pillars of DeFi, yet this vision’s execution leaves much to be desired. The first generation of Defi protocols is available to the public, yet no one should overlook the flaws.

Due to greed, inefficiency, or incompetence, there are very few projects worth investing in. Every team or individual developer intends to make money quickly while hoping the project and its code don’t fall apart. This is not a good approach to empower individuals through financial means. Users need to be the winners of DeFi, not the ones who put together the smart contracts.