DeFi aggregation: Paving the way for mass adoption
The DeFi revolution is transforming our financial landscape and empowering everyday people to take back control over their assets. However, the skill level necessary to practice DeFi successfully remains an obstacle to mass adoption. To overcome this roadblock and help grow decentralized finance, we need more DeFi aggregation services.
Aggregators are platforms that combine several different DeFi protocols to create a more efficient and complete service for end users. For example, 1inch aggregates multiple DEXs to find the best routes with minimal gas and slippage costs. Yearn Earn, on the other hand, aggregates several different loan, insurance and yield protocols. Other aggregators like Open Ocean help users capitalize on a range of opportunities via both DeFi and CeFi.
In each example, aggregation improves the user experience by increasing efficiency and reducing complexity. Instead of needing to jump between a variety of different protocols, DeFi investors can simply select what they want to accomplish and let the aggregator do the rest.
A key strength of Web3 is the community. The number of active users is what makes a protocol successful by generating trading volume and locked value (TVL). Users are critical to growth since they can promote your project with genuine enthusiasm. Yet for DeFi to continue growing, it needs to reduce fragmentation between users on different protocols and blockchains.
By uniting different communities around aggregation platforms, DeFi ecosystems gain more visibility, strength and choice without taking away from the underlying protocols. Aggregation can even make it easier to connect multiple networks. Bridge aggregators are an increasingly useful tool for cross-chain Web3 users since they
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