I am still wondering why everyone is so excited about DeFi. What a project like HyperDAO can offer to the market which is not currently offered by any other form of centralized institution?
Transparency?
There is plenty of options offered by DeFi market’s like HyperDAO. The list is long, I only include a few of the most interesting ones:
• You can earn interest on crypto assets by holding on them. There are compound protocols and Dapps. We could mention Dharma, Celsius, Nexo, BlockFi, etc.
• You can protect yourself against the failure of smart contracts with Nexus Mutual, Etherisc, etc.
• You can bet on the outcome of any event with predictive market platforms, there are plenty of them, like Augur, Gnosis, Helena, etc. HyperDAO has its own predictive market platform.
• You can hedge your crypto assets by means of derivative trading platforms.
• You can store value in a crypto-backed stable coin like HyperUSD in time of extreme volatility.
The biggest opportunity is the inclusion of third world countries into the DeFi movement and its synthetic assets. Think about an artisan in Haiti, a cheese producer in Argentina, or a merchant in Iran. All these countries have in common a high inflation rate. They can store their wealth in a stable coin like Hyper which can act as a synthetic dollar, euro or yuan, rather than storing their wealth in their local currency and watching its value erode over time. With the opportunity comes the big challenge and that is, how to make HyperDAO accessible to the masses, the real people?
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