Šie pagrindiniai trūkumai apsunkina „DeFi“ protokolo augimą

Decentralizuotas finansavimas (defi) is in the doldrums. The hype of the past couple of years has waned, and several protocols have failed to gain traction.

defi įkaitas has tanked by 77.6% since its all-time high in December 2021. The decline is greater than the 71% that crypto markets have fallen.

Furthermore, many of the hundreds of newly launched protocols have simply collapsed. According to researchers, there are three main reasons why this has happened.

On Jan. 10, DeFi analyst ‘CyrilXBT’ suggested three critical flaws weighed down DeFi protocols this cycle.

Risk, Revenue, and Leverage

“Most Defi protocols have poor risk management, insufficient revenue, and the overuse of leverage,” he stated.

Systemic risk mitigation is a key factor for the success of a DeFi platform. 2022 saw countless hacks, exploits, cross-chain bridge attacks, compromised smart contracts, and rug pulls.

Pagal neseniai pranešti, crypto and DeFi losses hit $3.9 billion last year. Poor risk management is a fast track to failure for any DeFi protocol.

The ability to generate revenue and remain profitable is another critical factor. The researcher noted:

“One of the most frequently cited reasons for DeFi protocols struggling is their inability to generate sustainable income that adds meaningful value to the platform’s ecosystem.”

Prastai suprojektuotas tokenomika su aukšti infliacijos rodikliai are a red flag. High infliacija increases token supply, so liquidity leaves the ecosystem if the token value is not maintained.

The third critical factor is over-exposure to leverage. Protocols that had tokens that could be used as an asset to borrow loans got trapped by users taking over-leveraged positions

Leverage has also been the cause of some of last year’s major meltdowns, such as Celsijaus and Three Arrows Capital (3AC).

DeFi will come back stronger, but only the fittest protocols without exposure to these three critical flaws are likely to survive.

Lido Becomes New DeFi King

There has been a shakeup at the top of the DeFi pile. Liquid staking platform Atviras plaukimo baseinas nuvertė stablokinas pioneer MakerDAO.

Pagal „DeFiLlama“, Lido has the largest market share of all DeFi protocols at 13.8%. Furthermore, it has a total value locked of $6.6 billion, which is just above Gamintojas6.4 milijardo dolerių.

Lido has been on a roll recently as liquid staking derivatives gather momentum ahead of EthereumS Šanchajaus atnaujinimas.

Kreivė Finance is the third largest DeFi protocol with $4.3 billion in collateral locked. Furthermore, the total for the entire ecosystem is $47.6 billion, a decline of 74% over the past 12 months.