How Nimbus Remedies the Present Shortcomings of DeFi?
By IBTimes Staff Reporter
Bitcoin Photo: VIN JD from Pixabay
The decentralized finance market, despite its popularity and rapid growth, remains limited due to certain challenges. The growth prospects and value of the Decentralized finance space for the society and economy, in general, are quite clear. A few industry complexities do not yet allow DeFi to fully develop and effectively provide financial services to users.
First and foremost, most DeFi protocols are focused on a single aspect of DeFi; they do not offer a holistic remedy for users’ pain points when it comes to accessing financial services. Not only users cannot get the services they need in one spot and are forced to spend extra time and pay fees, but this also causes several systemic problems for the DeFi industry as a whole: