DaneElliott, POFIDDAO Community Founder: Fluids are only a small part of the DeFi ecosystem.

At the closing session of the New District Blockchain Technology Finance and Technology Summit 2020 “Blockchain Perspectives in the Traditional Financial World”, Dane Elliott, Founder of POFID DAO Community, joined Shata Fund, Tongzhou Capital and members on behalf of ARPA, NEAR and WaykiChain. He identifies and predicts the current hot phenomenon on DeFi and hopes for its further development. Dane believes this wave of DeFi is being driven by the mining industry, but the mining industry is only a small part of the DeFi ecosystem. Sexual exploitation cannot reach its full potential. Just like cash trading is a small part of a financial system. Compared to the crypto world, the real world offers more algorithm-based solutions for liquidity issues. Dane also said the mining industry is limiting its long-term demand for consumers. Entrepreneurs are not very friendly and not suitable for cooperation with large clients.