Decentralized finance (DeFi) will be part of many people’s lives in the future, says Jay Hao, CEO of Cryptocurrency Exchange OKEx.
Answer to Cointelegraph’s recent request the inclusion of the DeFi Compound (COMP) protocol token in OKEx, Hao predicted that DeFi would become increasingly important in the coming years. He said he believed “DeFi would not disrupt traditional funding too much in the future,” and said:
“We are very optimistic about the future of DeFi and firmly believe that its products will be an integral part of many people’s lives in the coming years. […] DeFi is particularly relevant at this time when the fiat currency raises people’s questions about what is not consulted (in terms of quantitative easing), which could significantly reduce the purchasing power of your money. “
Hao also said that he believed that DeFi’s main advantage was that it could provide financial services to DeFi “People who are currently excluded or neglected from the traditional financial world”. He explained that there are almost 2 billion people without bank accounts worldwide and that such services could help them live better.
Connection is one of the most important services.
Hao specifically spoke about compound and said so “It may be one of the most important services in today’s crypto ecosystem.”. According to the decentralized financial data website DeFi Pulse, The total of $ 687 million in blocked funds is the highest in the entire DeFi ecosystem.
As Cointelegraph reported in mid-June The composite token is the largest DeFi token after its first day of trading by market cap. A recent analysis highlights the likelihood that the project will take first place.