Ethereum’s decentralized finance (DeFi) space has received a lot of attention in recent months. This sector of the crypto space has seen a rapid uptick in capital involved as the yields and incentives to use these DeFi applications have increased at a dramatic clip.
Data shows that the number of DeFi users has literally gone from a few thousand at the start of the year to somewhere close to a few hundred thousand now.
Prominent investors and innovators within and outside of the crypto space are understandably taking notice. So much so that David Marcus, co-founder of Libra and a former PayPal president, began to ask about it on Twitter just recently.
David Marcus From Facebook Discusses DeFi
David Marcus is a well-known figure in the crypto and financial technology community. He is a former PayPal president and ran the Messenger team at Facebook. Now, he is helping to run Libra, the digital currency project first launched by Facebook but one that has since expanded to a more decentralized/distributed mandate. Continue Reading