Sameep is the founding father of QuickSwap, a decentralized change on Polygon that permits customers to swap, earn, stack yields, lend, borrow and leverage, all on one decentralized, community-driven platform.
“My reply right here can be much like the final one. Completely — in 2020 and 2021, DeFi skilled mass development. Increasingly more folks realized the significance of getting their cash work for them. Establishments and retail buyers began staking their crypto to earn extra of it, however as extra folks (and bots) began utilizing numerous blockchain networks, these networks turned congested, and fuel charges (on a few of them) went by means of the roof. These rising prices then made the barrier of entry too excessive for many who solely have small quantities to work with.
Similar to crypto itself, for DeFi to proceed gaining adoption, big-name, trusted protocols must launch on sidechains that supply low transaction prices, like Polygon. We already noticed a number of behemoths like Aave and Compound come over in 2021, they usually introduced numerous liquidity and customers with them. As extra large gamers embrace interoperability and performance on a number of chains, fuel charges will lower throughout the board, which can give extra folks the chance to undertake cryptocurrency and DeFi.”