DeFi Is Still Experimental and Chaotic, Says Blockchain Expert Bohdan Prylepa

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Bohdan Prylepa, CTO and co-founder of Prof-it Blockchain Ltd, stated in an interview that more work needs to be done to establish DeFi as a global phenomenon. For now, it is nothing more than an experimental terrain for retail investors to earn decent money by the side. There is no doubt that the DeFi market has outdone itself in the last 12 months. However, the bone of contention is whether these achievements are compelling enough to establish DeFi as a viable alternative to the conventional financial order. While lending his voice to this conversation, Bohdan Prylepa, CTO and co-founder of Prof-it Blockchain Ltd and also COO of Bitcoin Ultimatum, a Bitcoin hard fork, argued that DeFi is not yet mature enough to play an anchoring role for the global financial system. According to the blockchain expert, there are still several areas that stakeholders need to improve. He stated: “DeFi is…

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