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https://warpcast.com/~/channel/consumercrypto
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kugusha 🦋
@kugusha.eth
half baked thoughts: defi is for everyone for consumers, defi comes across complicated and often intentionally difficult gigabrain systems. but every person who uses money (spoiler: everyone) would benefit from transparent efficient decentralized financial systems. If it’s $50 or $5000, a person can earn yield on it (which I bet would at least double the savings rate offered by any given bank), which would get them a “free” coffee once a week, cover monthly gym membership or a hypersub or someone could finally afford to buy a long-desired artwork. We need more “earn” sections in wallets and simple front ends that would abstract the complexity from users. We need more protocols (like @morpho 🫴🦋) that lets anyone build on top of it while benefiting from the underlying tech and liquidity. consumer-friendly defi, who’s building this?
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Sandiforward
@sandiforward.eth
Where is the cognitive overload? Not everyone wants to be trader and ever market has volatility. Transparency in value is important when I think about replacing the 'earn' every consumer has today through loyalty programs but there is reason everyone doesn't sign up. Transparency is one but mostly effort! People don't want to put the effort or care enough.
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kugusha 🦋
@kugusha.eth
That’s exactly my point. Not everyone wants and needs to a trader, but everyone would benefit from making their money work for them. Transparency on where the yield comes from (general awareness of the tech and risk) + easy interface (3 buttons will do the job - earn, claim, withdraw)
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Sandiforward
@sandiforward.eth
I still think we need a better intersect with AI tooling in back-end however. If we yield on 10x assets/interaction we own today the management and decision making becomes complex and time consuming. How can I be supported with this by an agent for recommendations.
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kugusha 🦋
@kugusha.eth
I would opt-in for “pre-selected” options by a third party in terms of the exact “back-end” choice. Meaning, as a user I don’t want to rebalance my position, I can see historical APY rate in 90-30-7 days of the given option. @askgina.eth on steroids in you case 👀
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