Balancing kidollarse-sourced liquidity from its investor portfolios in a pool, enabling the most efficient trade, Balancer is one of the cornerstones of the industry and has managed to reach over 360 billion dollars in TVL with an increase of 450% in just 5 months. Protocol’s Head of Growth, Jeremy Musighi, shared his thoughts on the 2021 bull market, Ethereum 2.0 and future finance DeFi, accompanied by questions asked in the past week. The President also comments on the star altcoin ecosystems of 2021…
The first question asked to Jeremy Musighi is about the relationship between DeFi and the bull
With DeFi projects growing tremendously in 2021, the total value unlocked in a variety of protocols across the industry manages to reach over $80 billion, a 4-fold increase from January alone. Accordingly, President Musighi asked, “Is the main reason behind this a general bull market or an organic transition? the question is asked. Here is Musighi’s response:
I think the market realizes how big of an impact DeFi can have. I think it brings more awareness and education about how important DeFi is to replace many of the traditional financial services and products we have.
Based on his explanations above, we can conclude that Musighi sees DeFi as a cause rather than a result of the bull run. In addition, the President also makes the following statements in this direction:
Investors see the opportunity here (in DeFi) and are pouring a lot of capital into it because they know how big it will grow. This is one of the things that drives the bull market. At the same time, prices rise in a bull market, attracting more new investors and other non-involved investors.
Musighi, on the other hand,