Vitalik Buterin Pushes Back Against Critics of Ethereum’s DeFi Strategy

cryptonews.com:

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Ethereum co-founder Vitalik Buterin responded to criticisms concerning the sustainability and direction of Ethereum’s decentralized finance (DeFi) strategy, reigniting a debate within the crypto community.

The debate was initiated by X user @llamaonthebrink, who questioned the value and future of DeFi protocols and Ethereum’s role in them.

The controversy began when X user @llamaonthebrink publicly challenged Buterin’s stance on DeFi. @llamaonthebrink expressed disbelief at rumors suggesting that Buterin and the Ethereum Foundation were distancing themselves from the very sector that drives much of Ethereum’s value.

I watched the recent SteadyLads episode with Kain and I have to admit I had no idea that vitamin and the EF dislike DeFi…

It almost feels hard to believe in a sense.

The overwhelming majority of ETH’s value comes from its use as collateral in DeFi, why on earth would you want…

They highlighted the irony of Buterin seemingly favoring centralized stablecoins like USDC over the DeFi protocols that have cemented Ethereum’s status as a leading blockchain platform.

Addressing Buterin directly and referring to him by the nickname “Vitamin,” @llamaonthebrink wrote: “If you have a line to Vitamin, I request that you send him this. I still don’t really believe the assertion that he doesn’t like DeFi, but I’d prefer to hear it from the horse’s mouth.”

Buterin’s response was direct and unapologetic. He strongly supported decentralized exchanges (DEXes), decentralized stablecoins such as RAI, and innovative platforms like Polymarket.

Howe