Decentralized finance is growing throughout 2019, with more mentions on conferences and social media. DeFi apps take over the Ethereum network, and were the chief source of growth for the third quarter. Like other phenomena in cryptocurrency, DeFi is seen as another chance at democratizing access to finance and gains otherwise reserved for large-scale investors.
https://twitter.com/spencernoon/status/1189346209862946816
Just like ICOs mimicked stock sales, DeFi offers the opportunity for passive returns. However, crypto-based lending is still unregulated, and raises the question on whether it would be the next aspect of cryptocurrency to be regulated. Maker DAO may again be the first, as it has plans to introduce a KYC procedure if it starts accepting fiat as collateral.
https://twitter.com/masonic_tweets/status/1099765621305339906
So far, DeFi organizations function under the principle of a Decentralized Autonomous Organization, or DAO. But it is possible the activity of lending and interest generation may come under scrutiny.
Kadan Stadelmann, CTO of Komodo, a multi-chain archi...