DeFi: A New Wave of Capitalism Reshaping Finance

Alexander Sudeykin, co-founder of Evaa Protocol, argues that DeFi is a refreshing alternative to traditional finance’s dominance. This decentralized financial system promises fairness and open markets by removing gatekeepers and enabling greater individual control over assets. However, the article highlights the challenges posed by regulatory uncertainty in the US, potentially hindering DeFi’s growth and forcing it to seek more favorable jurisdictions like UAE, Switzerland, and Singapore. Sudeykin questions whether new regulations will stifle innovation or encourage a return to centralized systems. He suggests that striking a balance between regulation and DeFi’s principles is crucial for its future success.