How does DeFi cross the chasm?

All of this is possible because of the easy composability of smart contracts. Neither Foundation nor Reddit needs to go out of their way to build this functionality themselves. The open, user-controlled nature of blockchain computing allows any developer to plug into these ecosystems and offer their users financial services. The result could be a r... See more

My view is that DeFi gets a lot more interesting once there are mainstream users conducting real economic activity on-chain, beyond crypto speculation.

Products like Foundation aim to bring mainstream creators and their audiences to crypto by allowing them to fund creative projects and earn new revenue streams. Reddit hopes to grow engagement by leveraging community currencies to make users actual owners of their sub's internal economy. Imagine users taking a loan against a pair of tokenized Yeezy... See more