A “killer app” for consumers is what will be needed to bring the decentralized finance (DeFi) sector to a level that draws in a mainstream audience, said Ripple Lab’s head of DeFi markets Boris Alergant.
Alergant made the comments during a panel at the Blockchain Futurist Conference titled “The Future of Decentralized Finance” on Tuesday, which was covered by Cointelegraph reporters on the ground in Toronto, Canada.
Alongside Alergant, Aventus Ventures CEO Kevin Hobbs, FLUIDEFI co-founder and CEO Lisa Loud, and Teller Finance CEO and co-founder Ryan Berkin also featured on the panel.
The general sentiment among the panelists was that centralized finance institutions will ultimately push DeFi toward mainstream adoption. Alergant suggested that growth will likely come from a user-friendly CeFi app that offers exposure to DeFi services:
“For an average user, you tell your mom how to go out and stake on Aave or ETH [...] and this is a process. She doesn’t know how to use MetaMask, but...
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