DeFi should complement TradFi, not attack it: Finance Redefined

cointelegraph.com:

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.

Following FTX’s demise, the DeFi space is up for a complete remodel as crypto users demand better security and compliance practices.

SushiSwap’s roadmap for the coming year includes the development of a decentralized exchange (DEX) aggregator, a decentralized incubator and “several stealth projects.” All these projects combined can grow its market share 10x, said the CEO.

The co-founder and CEO of Ava Labs spoke with Cointelegraph at the World Economic Forum in Davos, Switzerland, on the future of DeFi and traditional finance (TradFi) and said DeFi should complement TradFi, not attack it. Another DeFi report suggests that decentralized forex could reduce costs by as much as 80%.

The top 100 DeFi tokens saw a second week of bullish price action, with a majority of the tokens trading in the green on the weekly charts.

Just a month after warning of a “significant deficit” in its treasury, the CEO of decentralized exchange SushiSwap has shared several planned updates to the platform, which he said are intended to “10x” its market share in 2023.

SushiSwap CEO, Jared Grey, laid out the plans for the DeFi platform in a Jan. 16 Medium post, saying it will focus on its product stack in line with prior plans to make Sushi more sustainable.

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DeFi is moving from becoming a small niche within the financial industry to something TradFi is trying to incorporate.

In an interview with Cointelegraph at the World Economic Forum in Davos, Switzerland, Emin Gun Sirer, the co-founder and CEO of Ava Labs, spoke on DeFi’s role in TradFi ecosystems and what