Challenges in DeFi

DeFi is witnessing exponential growth in TVL volumes and promising initiatives across the world. However, current DeFi platforms at their initial stages face various challenges:

● Fragmented DeFi Landscape: Users have to register across multiple DeFi platforms to access a full suite of financial services.

● Complicated UI, Design: Current DeFi platforms are built with tech-users in mind, making them complicated for most of the retail users

● High Transaction Fees: DeFi platforms built with layer 1 architecture are experiencing high transaction charges, hindering their mass adoption.