Guests:

- Adrian Vasiu | Ofero Network, Co-founder & CEO Ofero Network

- Viktor Vostrikov, Co-Founder of JewelSwap

- Jose Fco AP ⚡🌱, Tokenomics & strategy advisor of Proteo

Hosts:

- Valentina Malusardi , Community Manager at Morningstar Ventures

- Njani Ruetsch, Content Manager at Morningstar Ventures

With the rapidly growing popularity of Decentralized Finance (DeFi) and its potential to revolutionize traditional financial systems, we couldn't resist making it the focus of our latest Twitter Spaces Roundtable discussion.

Top 5 Key Takeaways:

1. The fall of CEX has led to an increased interest in DEX solutions:

During the conversation, the three speakers started noticing that there has been an increased interest in decentralized solutions over the last one or two years in general, with a high influx of DeFi projects across multiple chains. They also agree on the fact that the recent FTX incident helped bring more attention to decentralizing solutions, as well as interest in hardware wallets such as Ledger and NGRAVE.

2. Providing user-friendly interfaces and educational resources increases user onboarding:

The guest's suggestion to onboard more people for MultiversX focuses on providing user-friendly interfaces and comprehensive educational resources, as well as fostering stronger communities that will lock their value in a specific protocol or ecosystem.

They are also interested in creating strong collaborations with other projects and promoting cross-chain and multichain solutions to create a more driving ecosystem to attract more users and developers. The primary purpose of their projects is to onboard people while also providing an education process about DeFi and how to secure people's funds.

3. Interoperability is essential because many DeFi protocols are limited to operating on a single blockchain:

The speakers agree with this statement because it can create barriers to the movement of assets and liquidity between different chains. Cross-chain interoperability can increase liquidity, reduce transaction costs, and expand the overall reach of DeFi.

4. MultiversX's platforms can help make DeFi interoperable:

MultiversX can help in this process because it has platforms like xPortal, xExchange, and xBridge that encourage and simplify the user experience to understand liquidity pools and other DeFi protocols. In particular, xBridge aims to facilitate cross-chain interoperability in DeFi by creating a bridge between different blockchain networks, allowing assets to be transferred and exchanged between them, and creating a genuinely interoperable DeFi ecosystem.

5. Developers must navigate many technical, regulatory, and adoption-related challenges to build successful projects:

Our guests recognized that and explained some key challenges, including ensuring the security and reliability of intelligent contracts, designing user-friendly interfaces, complying with legal and regulatory requirements, and attracting users and liquidity to the platform. The guests agree that security is constantly one of the biggest challenges in building their projects, as it always requires attention, updates, improvements, and monitoring to ensure certainty of security.

Although DeFi is in an early development stage and has many challenges, the speakers noted that people are interested in this world and trust the protocols. Other than that, they are confident in the future and explained that the current bear market period is perfect for building, as it allows a focus on problems and how to solve them to be better prepared for the next bull market.

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Thanks again to our guests for joining our Roundtable discussion and for all the interesting insight.

EGLD Community hosts Twitter Spaces Roundtables and Live Podcasts every month, so keep an eye out for our next session!

Link:

Website: https://ofero.network/

Website: https://www.jewelswap.io/

Website: https://proteodefi.com/