/biz/ - Business & Finance

>>27393493
>The second nuance that I think has really come about maybe in the last year, maybe in 2020 or the end of 2019, is the fact that infrastructure has finally got to the place where developers can easily build their financial products without having building infrastructure. So infrastructure takes teams, of tens and hundreds of people sometimes, to get to the point where it is easily applied by developers while also being secure. Its very had to build something that is secure and easy to use. And infrastructure is no different. But luckily for developers of defi products, we’ve now arrived at a place where smart contract platforms like binance smart chain, like ethereum, like others, have gotten to the place where people can build decentralized financial products on them, and that there are oracle systems and other systems like Chainlink that provide data, and when you combine those two dynamics; a platform where you can build smart contracts, and the ability to trigger those contracts from external data, and that is now something that developers can easily consume without having to build it, like they would have had to build it maybe a year and a half ago, you arrive at entirely different dynamic and speed and quality at which people can build things. So the efficiency at which you can build a decentralized financial product has also rapidly improved.

>>27391416
>It basically means there is a huge user base, a small percent of which has made its way into defi products, generally. And that user base is also continuing to grow. So you have a growing general user base, and you have a growing funnel of users going into this format of defi financial products. And that’s really one of the largest predictors of success for many startups, is am I in a market that allows me to succeed. Am I in a market where people have demand for my products, in addition to the products of other people in the market, largely due to growth. So market is one of the most important things, out there when making an early stage technology company.