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How to Fix DeFi with Dan Elitzer
Bankless
The Importance of Scalability in DeFi
The number one thing holding back the industry is retail users in particular getting wrecked, right? Because then people don't trust it. They get a bad impression. So our view is that the right way to do this is to start with a primitive. And an oracle is a type of external dependency. Governance and upgradability are our massive external dependencies. The more we strip that out at the lowest level, the better. It's about thinking with a layered approach to how protocols are being designed. We're actually doing a disservice to the world if we manage to fix all those other things without addressing security," he says.
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