DeFi Memorandum

Decentralized finance (DeFi) is the best thing to happen to the industry in the last 100 years. The ability to create algorithmically guaranteed financial operations has fundamentally changed reality itself, removing the unnecessary and inefficient centralized control mechanism.

DeFi was created by cypherpunks for cypherpunks and was never intended for mass adoption. But reality exceeded the boldest plans: in 8 years, adoption has grown exponentially, while still remaining far below that of the traditional financial industry.

Today the DeFi industry is running up against its own complexity, which hinders growth and further adoption. DeFi gives freedom, but it also shifts the entire risk of losing money onto each individual.

It's like swimming in a river full of piranhas. The state, in turn, offers you contact with water only in the kitchen and the shower — which certainly solves the problem of a hostile external environment, but makes us hostages of the municipal water supply. The music plays until, one day, the water gets shut off.

DeFi is the only mechanism capable of resisting state over-regulation, which at its maximum stage of development inevitably leads to the complete loss of private property.

DeFi needs tools that reduce the complexity of the environment for the individual without removing the risks entirely.

DeFi-aid services must be built in an AI-first paradigm and adapted for use from smart contracts.