A brief rant on why Defi sucks! Defi's primary adaption problem has long been UI. Ironically the industry running on superior rails than tradfi can't produce a simple UI that every-day people can actually use. Defi is actually the worst user experience I have ever seen > ledgers, wallet extensions, dozens of gas tokens, bridges, chains, signing, approvals, non-stop hacks, phising, seed-phrases. And 99% of protocols don't get it as they are probably focused on extracting VC-funds asap through their zero-value governance tokens. Many times it is a get rich quick scheme for non-serious people. So we see endless iterations of hot trends (CDP, CLP, perps, prediction markets etc...) instead of actual innovation that could help onboard, you know, the 99.9% of the population that will never use a Metamask and pay gas. Aave App is the first Defi product I have ever seen that seems to actually bridge the gap. Why? - Trusted brand - No Defi-crypto mentioned - no ledgers, no signing, no gas, no swapping, no Metamask - Protection: $1mn deposit insurance - Seemless on/off ramping from your bank account It is that simple. Defi would be much more successful if protocols used blockchain as a seamless back-end, and built actual platforms that normal people can use. That is why, I think tradfi/fintech is a huge threat to OG defi protocols that want to continue to build sandcastles in their little VC-sandboxes as opposed to build consumer-friendly apps, platforms that normal people outside of the 10,000 active users (sybill, bot, capital adjusted) we have in Defi can actually use.