Historically, maintaining active participation in Web3 ecosystems has been challenging when relying solely on the promise of future utility. The @Hedera ecosystem, as a sovereign economy, has experienced similar dynamics due to the limited immediate utility of $HBAR . However, with ongoing developments and expanding use cases, particularly with the launching of new protocols facilitated by HeadStarter, Hedera is on a promising path to enhancing user engagement and fostering a vibrant community.
The landscape is evolving as the advent of #DEFİ on Hedera enters a new era, signifying a new dawn for the Web3 economy. With crucial infrastructure components falling into place and DeFi money Legos being constructed atop one another, Hedera is poised for significant growth. The introduction of a broader range of financial instruments and opportunities for users has never been more promising, warranting an unprecedentedly optimistic outlook.
A New Dawn with DeFi
The introduction of three leading lending and borrowing protocols is set to shape Hedera’s financial landscape. These protocols — #HLiquity , based on @Liquity of @Ethereum , #Bonzo based on #AaveProtocol , and Sirio Finance, which harnesses the power of #Artificiallnteligence , — not only enhance liquidity, the velocity of on-chain assets, and their utility but also provide diverse financial instruments that cater to a broader user base and an increased number of participants. This development represents the culmination of community efforts to build a resilient and dynamic DeFi ecosystem, created by the people and for the people, fostering a thriving and improved economy.
Read more:
https://medium.com/hashgraph-defi-alliance/an-ecosystem-sized-step-function-hedera-defi-2-0-54e4171fcf63
