Vitalik: I hope to see sustainable applications without sacrificing principles such as decentralization

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Vitalik Buterin tweeted that Aave is good and I'm very grateful that it exists, but it doesn't offer almost anything that the average person thinks you think of when you provide a "loan."
In addition, he said in his reply to netizens that the types of applications he hopes to see are sustainable and do not sacrifice principles such as decentralization. He praised applications such as decentralized exchanges (DEX), decentralized stablecoins (such as RAI), and Polymarket, and believed that these projects are very useful. Although he believes that USDC is not as decentralized as RAI, he admits that it is very convenient in scenarios such as international donations. He emphasized that the use of USDC can pave the way for a future shift to more decentralized stablecoins. He also criticized projects that lack sustainability, especially those that rely on short-term appeal, such as the liquidity mining craze in 2021, and pointed out that he is more concerned about projects that have a real source of income in the long term.


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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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