RadFi 2022: DeFi Needs a Hard Reset | The Radix Blog | Radix DLT

November 3, 2022

On December 8th at 1800 GMT, Radix will unveil the next big chapter in the 9-year epic to build the most complete smart contract platform for Web 3.0 and DeFi. Register now.

Decentralized Finance has gotten a bad name. Web 3.0 and NFTs are getting a bad name. That’s really sad.

For many people, DeFi is associated with the “DeFi Summer” of 2020, which was rife with mercenary liquidity farmers, poorly designed protocols and “rug pulls.” DeFi’s reputation has not gotten any better since. Hacks galore still plague the industry, to the tune of more than $2 billion in the past year (many of which would never happen on Radix).

Web 3.0 is associated with pictures of Apes selling for millions of dollars, and metaverse plays that talk big but deliver experiences that fall well short of the hype.

Developers still face steep learning curves and every single Layer 1 smart contract platform is incapable of scaling to the levels that global finance will require if DeFi is ever going to go mainstream.

And let’s not even get started on the user experience. BTW, do you know where ALL your seed phrases are? Does your mom? Oh right, she’s never going to do that (no offense to all moms out there).

A casual observer may conclude that mainstream DeFi is never going to happen and that Web 3.0 is a punchline. Even seasoned industry veterans, in their moments of honesty, will acknowledge that while the vision is great, the reality falls short. They know the path is never going to get us to billions of users, but hey, at least we can make some money, right?

But that’s not what this moment in history is supposed to be about.

DeFi is supposed to be both a liberator and an enabler. It is supposed to unlock vast amounts of liquidity. It’s supposed to give people new opportunities that are simply impossible in a TradFi world.

Well, that is exactly what Radix is about. And it’s what Radix has always been about — plugging away at the biggest of DeFi’s problems for 9 long, hard years.

While other platforms chose the quick path to easy money and then either flamed out, stalled out, or tired out, Radix chose the difficult path. Like John F. Kennedy once said (paraphrased), “we do this not because it is easy, but because it is hard.”

And now, finally, everyone who shares our vision for a radically better financial system, powered by DeFi, will have a chance to see and hear the FULL story. It’s a story of how we intentionally and thoughtfully architected a smart contract platform that is radically different from every other one out there.

Skeptical? Heard it all before? Of course, you have. That’s fine, be wary. We respect that.

After all, if you’ve been in the industry long enough, you’ve been through the ICO craze or had funds hacked, and get constantly approached by scammers and the shadiest of the shady.

But, if you are someone who, deep down, knows that DeFi can-and should be- so much better than it is, don’t you owe it to yourself to check out what Radix has been singularly focused on for NINE YEARS?

Sign up and show up for RadFi 2022.

Give it 4 minutes. 240 seconds. If you’re not impressed or intrigued by then, close the tab. Walk away.

See you on December 8th at 1800 GMT/1300 EST/1000 PST.

Register today for RadFi 2022.

Then, tell your friends. They will thank you later.

Originally published at https://www.radixdlt.com.



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