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Easy-to-use DeFi protocols will become the new gatekeepers to crypto

Published 02/05/2022, 01:11 PM
Updated 02/05/2022, 03:00 PM
COIN
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It has arguably never been easier to participate in the crypto ecosystem. After centralized exchange powerhouse Coinbase (NASDAQ:COIN) recently began allowing its users to deposit part of their fiat paychecks into the exchange in the form of crypto, more people are beginning to realize the potential of the industry and participate in this ever-growing ecosystem.

But, crypto is commonly perceived as fundamentally intricate or lacking the proper interfaces, and whether this is right or wrong, this has been the perception for some time. To some people, the premise of digital currencies will always seem far too complicated. More recently, however, there has been an emergence of easier avenues into the crypto space for those keen to learn more.

Redmption, a.k.a “Red,” is a community moderator of Harvest Finance, a DeFi hedge fund aggregator, providing high returns, low gas fees and automated strategies. Red is a sought-after yield farming expert whose insights and opinions appear regularly in numerous international publications.

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