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DAOs empower social good with yield-generating DeFi products
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Cryptocurrency was once an asset unknown to the world. Now, with the capabilities decentralized finance (DeFi) brings to the table, it is nearly a mainstream financial tool. With more institutional money flooding into the market, the question of the ability of the asset to do good and better the world remains. A reality, after many experienced the devastating impacts of the Covid-19 pandemic, reminds us that people are not masters of the planet but have a responsibility to sustain the place they live.
Institutional investors are already building portfolios that address environmental, social and governance concerns in the traditional market; therefore, the expectation is there for this advent to be carried over in the cryptocurrency market.
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