The DeFi (Decentralized Finance) section in specific is something quite recent.
It aims to provide financial services outside the centralized financial system (CeFi).
It began around 2017, and as of late 2021 already has amassed over USD 107 billion in locked value (value that can be used in the system).
The centralization of these financial services is harmful to the economy, as it makes their use difficult by various economic agents.
As Schumpeter (the famous economist of the theory of destructive creation) pointed out, credit is essential for any growth and development in the economic arena. DeFi extends the scope of global credit reach.
In short, DeFi is more than a market eccentricity, it’s a need that’s coming true. Complex and easily obtainable financial services are essential to the economy.
Providing services like Staking Protocols, we are inside the DeFi and this make us exposed for the big growth that this market will reach.
Find out more about the Medusa Protocol project at our website.
Original posted at Medusa Protocol Official Medium Account.