What is Defi 2.0?

DeFi 2.0 is a movement trying to upgrade and fix the problems seen in the original DeFi wave. DeFi was revolutionary in providing decentralized financial services to anyone with a crypto wallet, but it still has weaknesses. Crypto has already seen this process with second-generation blockchains like Ethereum (ETH) improving on Bitcoin.

How will Defi 2.0 change crypto?

Crypto has already seen this process with second-generation blockchains like Ethereum (ETH) improving on Bitcoin. DeFi 2.0 also will need to react to new compliance regulations that governments plan to introduce, such as KYC and AML. Let's look at an example.

What is Defi 3?

In the early days of DeFi 2.0, the crypto community was already discussing DeFi 3.0. This loosely refers to the next generation of DeFi protocols aiming to overcome the limitations of the previous generations.

Is Defi 2.0 worth the wait?

As the general tech space continues to progress, DeFi 2.0 is worth the wait as it is poised to combat the risks associated with DeFi 1.0. Hence, it is making the system of decentralized finance much better and fascinating for people to venture into.