Possible Outline
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Intro
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Ground the reader in today’s financial landscape: banks, fintech apps, and the trust model they rely on.
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Briefly highlight the promise of DeFi: open, programmable, permissionless finance.
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Position DeFi as the “onchain evolution” of traditional finance, much like your last post framed onchain social as the evolution of social media.
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Useful Definitions
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What is Finance (TradFi)?
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What is DeFi?
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Key terms: smart contracts, liquidity pools, yield farming, governance tokens.
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Historical Evolution
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Early DeFi experiments: MakerDAO (DAI), Uniswap, Compound.
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2020’s “DeFi Summer” boom — experimentation and excess.
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Institutional interest and regulatory pushback.
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Key Protocols & Models
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Uniswap: automated market maker innovation.
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MakerDAO: stablecoin collateral and governance.
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Aave/Compound: lending and borrowing.
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L2 ecosystems: how scaling (Arbitrum, Optimism) is shaping DeFi.
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Challenges & Risks
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Smart contract risk, hacks, and exploits.
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Regulatory uncertainty.
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User experience (still too complex for mainstream).
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Framework for Evaluation
Similar to your “evaluation framework” in the last post. Possible criteria:
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Decentralization (governance, control, custody).
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Transparency (audits, on-chain data).
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Composability (how easily it plugs into the DeFi ecosystem).
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Sustainability (tokenomics, incentives).
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Regulatory resilience.
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Conclusion
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DeFi is still early — like social media before Facebook, it’s fragmented and experimental.
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But it has the potential to reshape finance in the same way onchain social is reshaping communication.
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