DeFi is a global urgency

The first phase of decentralized finance has not been the best for many reasons including smart contracts risks which exposes users to attacks that could cause many to lose a lot of money. This of course has been the major talking point over the years of its existence, and although it is a relatively important systematic flaw, it still, however, compared to the "value creation model" of decentralized finance protocols, isn't the most important piece in need of a fix.

Maybe it's all intentional because it's easier for founders to make money that way, but the nature of most crypto projects slows the ecosystem's process for "actual growth" and value expansion. When it comes to DeFi, there's a common logic for value creation and this is often "inflation". Yes, we may be creating tokens via decentralized governance structures, but this doesn't change the fact that these "tokens" created do not deserve to be in circulation.

Why?

Let's take a few steps back and look at fiat-based economies, how has money printing solved their problems so far? Truth is, it hasn't. The central banking system creates and issues unbacked money in so many ways that do not benefit the economy at the end of the day.

The fact that crypto, is surprising following this path is alarming, copying the system that screwed us over isn't quite the viable solution here. Inflation isn't an answer to our money problems, these value pieces need to be backed by some sort of production or it simply becomes a debt the system will have to pay for, eventually.

This is why crypto is volatile, the openly traded markets have nothing to do with the volatility of cryptocurrencies and assets, it is rather the fact that these assets find their way into the system without any "work done".

With mining or block validation, each crypto asset that gets into circulation via block rewards are backed, this is because work has been done "on-chain" which is typically the verification of transactions which essentially is a system set up to allow value to be moved across the globe with authenticity and traceability. Inflation coins paid to block producers make a lot of sense, this is why bitcoin is still a golden piece, but the idea of most DeFi tokens earning via inflation makes absolutely zero sense, they all just fuck up the protocol and sucks up value from investors.

DeFi is a global urgency

Yes, the idea of finance void of government control is essentially an urgency in today's world where centralization is sweeping almost every business sector. However, the DeFi structures we have today need a whole lot of revamping. Beginning with smart contracts security to redesigning the value creation(tokens/coins) and distribution models.

To build the next gen internet experience where e-commerce, e-building, e-learning, decentralized governance, finance and distributed storage structures serve its potentials at scale, finance needs to be appropriately designed with Web3 valued realities in mind. Inflation token rewards in the DeFi ecosystem is one of many other flaws that needs to be wiped off the system, it has zero value on a grand scope of things because it really is no different from fiat as it prints into existence, nothing of actual value structure than "blind faith" in the system/protocol.