What decentralized finance innovations are expected by the DeFi community?


With the broader crypto market spiraling downward and social media rife with fears and complaints, some are choosing to focus on the potential of the decentralized finance (DeFi) space. for the future.

In a DeFi subreddit, Redditor Popular_Rub9075 asked community members what they want to see more of in the DeFi space. According to the Redditor, while negative discussions are prevalent in social channels, a “good time” to look into projects that have potential is when the market is down.

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In response to the thread, Reddit user Crumbedsausage said they want to see more non-custodial Liquid Ether (ETH) staking projects. Additionally, the Redditor said that being able to run an Ethereum node with “1 ETH or less” can be good for decentralization and provide realistic annual percentage returns.

Apart from that, another user, called Geistirnd, noted that he believes in the potential of privacy-focused DeFi projects. According to the Redditor, providing more privacy options to DeFi users will be a catalyst for “wider adoption of DeFi.” On the other hand, one of the thread participants also brought up yield, pointing out that everyone wants new ways to “make gains”.

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Meanwhile, Binance Labs has announced that it will launch the fifth iteration of its Most Valuable Builder (MVB) program, its incubation platform that supports new DeFi projects. The fifth round of MVB is a collaborative effort between Binance Labs and BNB Chain.

In other news, Bitfrost, a decentralized cross-chain liquidity provider, launched an updated slot liquidity auction protocol on Friday. With this protocol, the project provides liquid derivative tokens in exchange for the staked tokens. These tokens can be used in DeFi, eliminating the opportunity cost for users who have staked their coins.

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