The DeFi thing has finally pushed me to look at crypto again, which turned me on to metamask (via Brave), and after experiencing the UX, it's glaringly obvious that this is the next big thing. Nobody even talks about it, but the fact that I can "sign in" to my "brokerage account" simply by visiting dydx or unisawp and authenticating securely with my browser is pretty incredible.
People are claiming to be excited about DeFi because everyone loves unregulated derivatives and lending at insane APYs, but I think the real reason this has taken off is because the UX makes the future feel so real and achievable.
I'm just scratching at the surface now, but it's clear we've come a long way since bitcoin. I won't be shocked if it turns out bitcoin becomes seen as worthless old technology, but blockchains will never go away.
> Nobody even talks about it, but the fact that I can "sign in" to my "brokerage account" simply by visiting dydx or unisawp and authenticating securely with my browser is pretty incredible.
There's an experimental browser that provides this functionality for all kinds of websites, not just financial ones. You set up an account once when you install the browser, and then you can use it for one-click logins.
It's made by Alphabet Inc, but I can't seem to remember what it's called. Vanadium? Manganese? Ultron? Something like that anyway...
Go install Brave and visit https://trade.dydx.exchange/. Congratulations, you can now trade leveraged derivatives. No signup required.
Seriously, go see what the process looks like. Just by not being full of A/B tested bullshit and free of regulation, you can get a glimpse of the future.
It feels powerful in a way that registering a Google account doesn't.
People are claiming to be excited about DeFi because everyone loves unregulated derivatives and lending at insane APYs, but I think the real reason this has taken off is because the UX makes the future feel so real and achievable.
I'm just scratching at the surface now, but it's clear we've come a long way since bitcoin. I won't be shocked if it turns out bitcoin becomes seen as worthless old technology, but blockchains will never go away.