The Evolution of DeFi and Its Impact

This chapter examines the maturation of decentralized finance (DeFi) and the risks involved with yield farming and smart contracts. It highlights the improvements in safety and infrastructure over time, including the rise of stablecoins and the emergence of new decentralized platforms such as Farcaster. The discussion extends to the role of Ethereum in addressing societal needs and reshaping governance, reflecting a shift in perception from speculation to practical application.