😎 Investing $525 may make you a DeFi millionaire by 2030 (Part 1)

But to understand why – you need to know its history.

Here are 10 important steps of the DeFi evolution:

A DeFi millionaire by 2030 seems insane, right?

I thought so too - but according to DeFi calculator, it’s more than possible.

To understand why, we need to go back to the beginning.

Back to 2009…

1. Bitcoin

It all started with someone anonymous introducing a revolutionary project:

Satoshi Nakamoto.

This was as a response to the Banking Collapse in 2008.

He created Bitcoin in 2009 – but it had a slow start.

4 years after Bitcoin, Vitalik Buterin released the white paper for Ethereum.

An advanced cryptocurrency that paved the way for NFTs, smart contracts, and Defi.

Because of that, crypto innovation grew exponentially.

People viewed it as a joke – mainly because black markets used it

10 years later, it’s known by almost everyone – but has serious limitations:

• Proof of work

• Centralization

• Slow transactions

To be a convenient currency people can transact, something had to change.

ETH has:

• Slow speed

• High gas fees

3. Chainlink

Chainlink is the father of DeFi.

It used smart contracts in a way regular finance does:

• Earn interest

• Lend or borrow funds

• Speculate price movements

Chainlink started in 2017 and emerged to be the DeFi we know today.

To be Continued in Part 2... #FutureofDeFi #DeFiTrends #Tokenomics #DeFigoesMainstream