Solving the DeFi Onboarding Crisis
summary
Claims that DeFi adoption exploded then flatlined in April and that only 1–2% of the addressable market is onboarded, backed by concrete numbers: 35 million self-custody wallets created, 75% Bitcoin awareness, 65% of users holding Bitcoin, and centralized platforms custodying three times more assets than self-custody. Details the painful user flow (bridge ETH, wrapped ETH on Avalanche, swap to USDC on a DEX), cites protocol failures (4 billion dollars lost, 45 billion wiped out), and unveils a self‑custody app plus rewards token Verse launching on Ethereum.
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chapters (7)
- 0:00Start
- 4:12Bitcoin is still the gateway to Defi
- 5:34The pull of centralization is strong
- 7:18Protocol risk
- 9:14The Journey is the Reward
- 10:27The future
- 11:29Imagine a unified experience
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