An Introductory Guide to Defi 2.0
New revolutionary concepts and ideas are always around the corner, and it is the nature of blockchain development that things change very fast. The goal of the Decentralized finance (Defi) blockchain-based solutions category is to solve the problems of traditional finance, namely, centralization and the lack of personal autonomy and ownership over individual finances. Since then, with the decentralization of trading and finance, we have had successful Defi exchange projects like UniSwap. Defi 2.0 is the second generation of Defi protocols, which goal is to correct the problems of the first iteration of Defi. The concept called Protocol-Controlled Liquidity or PCL protocols in Defi 2.0 plans to tackle this problem. It permits the protocols to own the majority of their liquidity. Although Defi 2.0 is a new phrase in the blockchain world that refers to a subset of Defi protocols built on prior Defi breakthroughs like yield farming, lending, and other things. So we’re yet to see the full potential of Defi 2.0. With time, the use of this protocol will shape our future, and we will understand more about it. Thus we have to wait and see if Defi 2.0 fully delivers on its promises. If you are willing to deep dive into the Field of Defi, feel free to connect with our team at marketing.blockchain@oodlestechnologies.com