Ethereum Founder Vitalik Buterin: “These Could Become the Foundation of ETH”

Ethereum (ETH) co-founder Vitalik Buterin said that “low-risk DeFi” applications could become a cornerstone of the Ethereum ￰0￱ said this could play a similar role to Google’s search engine which is its primary source of ￰1￱ noted that DeFi protocols have become more secure in recent years establishing a stable core and that low-risk DeFi (payments

savings synthetic assets collateralized lending) in particular

can sustainably support ￰2￱ to Buterin this space could evolve into innovative solutions like reputation-based lending prediction markets and “flatcoins” that could increase global financial ￰3￱ said one of the biggest tensions within the Ethereum community is the gap between applications that “economically sustain the ecosystem” and those that “serve the philosophical and cultural goals of ETH.” He explained that NFTs

memecoins and highly speculative DeFi platforms provide short-term revenue but in the long term Ethereum needs sustainable core applications for a $500 billion ￰4￱ News: BitMEX Founder Arthur Hayes Claims Data in the US Points to a Major Bull Run in Cryptocurrencies “It is possible to have low-risk DeFi for Ethereum like Google has search,” Buterin said

adding that applications in this area both contribute economically and are compatible with ETH’s vision of “global transparent and permissionless financial access.” Buterin also highlighted the increasing risks in the traditional financial system and argued that a maturing DeFi ecosystem could become as stable as or even more stable than

traditional finance in the long run thanks to transparency and automation. *This is not investment ￰5￱ Reading: Ethereum Founder Vitalik Buterin: “These Could Become the Foundation of ETH”