By The Decentralized Finance (DeFi) space, which saw many developments in 2020, will continue to grow this year and the total amount of ethereum (ETH) locked into DeFi will exceed $1 billion, according to CoinGecko’s recently published yearly report.
Key points
- DeFi markets will usher in crypto-friendly regulations.
- Decentralized Autonomous Organizations (DAOs) will help DeFi ecosystem achieve true decentralization, and could be implemented in several projects such as Synthetix and Kyber.
- The DAI savings rate could become the reference for the Defi markets similar to how LIBOR is used in traditional finance.