This article examines the critique of current DeFi approaches and discusses the possibility of a new liquidity model that could transform financial interactions.
Rebuilding the Temples
Decentralized finance (DeFi) is touted as the future of finance, yet many assert that we are merely recreating the old system with different interfaces. Protocols with billion-dollar total value locked (TVL) often depend on the same factors as traditional finance: large holders, deep liquidity, and passive participants.
Moving to a New Liquidity Model
The idea arises that liquidity shouldn't be something that is locked up but should arrive when called. This could change the way participants in the network interact. The concept suggests the possibility of moving value between peers without the need for middlemen or the fear of losing assets.
Creating Instant Value
Delving deeper into this idea, it can be proposed that markets need not be built but should emerge naturally. Protocols could become rituals — temporary moments of trust that vanish after transactions are completed. This implies the creation of something more human than just a financial system.
These reflections highlight the need to rethink financial approaches and how value is created in decentralized systems.
