
DeFi 2.0 Summit | Rari, Olympus, Tokemak, TracerDAO, Alchemix
Bankless
Evolution of Decentralized Finance: From DeFi 1.0 to 2.0
This chapter examines the transformative journey of decentralized finance (DeFi), comparing the foundational principles of DeFi 1.0 with the innovative breakthroughs in DeFi 2.0. It highlights the significance of permissionless models, the critical role of liquidity as 'bandwidth', and the emergence of niche offerings that enhance value creation. The discussion features specific examples of projects like Tokamak and Alchemix, showcasing how they address previous limitations and drive the evolution of DeFi.
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