Iakov Levin is the co-founder of rivo.xyz and he is leading the charge to transform the financial landscape using decentralized finance.
Levin, in an exclusive interview with ICD shared his insights about the evolution of DeFi and blockchain technology, as well as the challenges facing crypto industry.
The evolution of DeFi market volatility
Invezz How do you view the current state of DeFi and how will it evolve over the next five-year period?
The first phase of DeFi was launched in 2021 and focused on the development of infrastructure for tokens such as decentralized exchanges and lending protocols.
DeFi is currently transitioning to integrate traditional services into the ecosystem. This includes innovations such as perpetual exchanges and interest rate swaps.
It is now a challenge to simplify the onboarding process of new users. This often requires extensive research.
In the next five to ten years, we can expect to see an expansion of DeFi infrastructure, possibly including stock markets. We can also anticipate the development of user interfaces that simplify DeFi interaction and the implementation tailored regulatory policies.
Invezz What are your thoughts on the long-term potential of crypto, given its volatility?
Volatility is a natural part of new technologies. It’s part of the transition to a globalized economy. There are many opportunities to build wealth in volatile times.
As governments address different layers of the ecosystem – from investment accessibility to policymaking – regulatory clarity will evolve. Initial steps have already been taken, such as ETFs and institutional investment in cryptocurrencies.
Blockchain and crypto adoption
Invezz How can you achieve widespread cryptocurrency adoption?
There is no single solution. As each constraint is addressed, adoption will increase incrementally. Navigating the decentralized world is currently a major challenge. It is important to simplify this experience for crypto users as well as DeFi participants in order to increase adoption.
Invezz : How do you see blockchain technology evolving in the next decade and what new uses cases could emerge?
I hope to see DeFi facilitate a global redistribution, allowing anyone with a smartphone access to top-tier financial products without relying on governments or traditional banks.
This could have a transformational impact on developing nations by providing opportunities for widespread wealth accumulation.
It is difficult to predict specific use cases due to the rapid pace and change. We should focus on real innovations instead of overhyping certain trends.
Advice for first-time crypto investors
Invezz : How would you advise investors who are new to the crypto market?
Start building your portfolio using Bitcoin (BTC), Ethereum(ETH), and stablecoins. You can allocate a small amount of your portfolio, about 5%, to riskier investments.
This allows you to learn from your mistakes and gain experience. Continue to educate yourself and remain open-minded. You will gain confidence and knowledge in the crypto-space by learning from real-world feedback.
Levin’s insights emphasize the dynamic nature of DeFi technology and blockchain, highlighting the importance of informed decision making for investors and industry players.
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