{"id":39563,"date":"2021-08-18T11:10:00","date_gmt":"2021-08-18T09:10:00","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=39563"},"modified":"2021-08-18T11:10:00","modified_gmt":"2021-08-18T09:10:00","slug":"vitalik-buterin-highlights-whats-holding-defi-back-from-realizing-full-potential","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/vitalik-buterin-highlights-whats-holding-defi-back-from-realizing-full-potential\/","title":{"rendered":"Vitalik Buterin highlights what’s holding DeFi back from realizing full potential"},"content":{"rendered":"
The latest blog post from Ethereum co-founder Vitalik Buterin<\/a> focuses on the governance system in DeFi applications. He published a blog post<\/a> titled \u201cMoving beyond coin voting governance\u201d with solutions for helping the DeFi industry grow faster and better.<\/span><\/p>\n <\/p>\n Decentralized governance is the main focal point of his latest blog post. It\u2019s the latest concept in the blockchain industry, especially in the DeFi sector that wants to give back control of every aspect to the final users. Vitalik talks about DeGov as the new solution for helping the DeFi sector improve faster.<\/span><\/p>\n The last year was almost all about DeFi and successful platforms like UniSwap, SushiSwap, YFI, Compound, and etc. It even resulted in various blockchains considering to add the smart contract support and help DeFi developers launch their ideas faster. <\/span><\/p>\n Ethereum was the birthplace of DeFi and is still the biggest host of these platforms. The complexity of these platforms has resulted in a new idea named decentralized governance or DeGov that helps a community manage and govern a platform or protocol. <\/span><\/p>\n The main concept of this type of governance relies on governance tokens. But Vitalik Buterin believes that this type of governance should move to the next step and provide a more mature solution.<\/span><\/p>\n <\/p>\n Vitalik talks about the necessity of decentralized governance in DeFi platforms in his latest <\/span>blog post<\/span>. He points at various use cases for this type of governance. Funding public goods and protocol maintenance & upgrades are two main types that he details in the post. <\/span><\/p>\nDeGov for Maturing the Industry<\/span><\/h2>\n