Vitalik: Low-risk DeFi is to Ethereum what search is to Google

In a new article titled "Low-risk DeFi is to Ethereum what search is to Google," Ethereum co-founder Vitalik argues that "low-risk DeFi" could become a core application of Ethereum, much like search is to Google. Vitalik noted that DeFi used to rely primarily on speculation and subsidies, resulting in excessively high risks, but that today's protocols are more secure and are forming a stable core. He believes that low-risk DeFi (such as payments, savings, synthetic assets, and fully collateralized loans) can both generate sustainable revenue for Ethereum and align with its cultural values of "openness and decentralization." Compared to Google's reliance on advertising, which distorts incentives, Ethereum's low-risk DeFi can combine "doing good" with "doing big." Vitalik also emphasized that low-risk DeFi can collaborate with more innovative applications in the future, such as reputation lending, prediction markets, and flatcoins, to both maintain the ecosystem and promote global financial inclusion.