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kugusha 🦋 pfp
kugusha 🦋
@kugusha.eth
Food for thought. Top-3 most popular answers why people don't use DeFi > fear of smart contract risk/hack > hard to use > don't care enough highly recommend to check the comments under the original cast too. anon answers: https://www.weponder.io/questions/710756bd-247f-4015-add2-1d62df8e3e91
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anett.eth pfp
anett.eth
@anett
turns out, having middle man might be the reason why people have trust issues with smart contracts
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tomu
@tomu
> hard to use seems like most projects are made for techy people, but if those are features inside an app, like a wallet, people will use them. DeFi projects that have been around for some time are safe to use on that, Argent was a good example (didn't use it for a year now, so dunno current status)
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zain
@zain
To expand on the first one, yields aren’t worth taking on the sc risk A notable example for me though was keeping stables on CB, but deployed onto Solana to get the 20% yield on PYUSD
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Sid
@sidshekhar
great poll. insightful considering the contrast w/ data on actual FC users (based on verified address activity)
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Brais.eth
@chi
"I know everything and since I don't know DeFi, DeFi does not exist"
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↑langchain 🎩  pfp
↑langchain 🎩
@langchain
The first line is actually a risk reward calculation - the possible reward (airdrop or yield) is now so small it’s not logical to use a lot of fringe defi apps.
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Kevin
@fm09
Always find this surprising given that battle-tested DeFi protocols had far less trouble than centralised options
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