We know that web3 is a better foundation for the financial system, but better doesn’t mean it will be adopted. TradFi is centuries old technology, and that gives it enormous incumbent advantage. Founders working in DeFi are consequently at a disadvantage in many dimensions. If you are starting a DeFi startup, you need a clear-eyed understanding of these disadvantages, and plan your business to mitigate them as best you can.
The TradFi incumbent advantage
The TradFi incumbent advantage
The TradFi incumbent advantage
We know that web3 is a better foundation for the financial system, but better doesn’t mean it will be adopted. TradFi is centuries old technology, and that gives it enormous incumbent advantage. Founders working in DeFi are consequently at a disadvantage in many dimensions. If you are starting a DeFi startup, you need a clear-eyed understanding of these disadvantages, and plan your business to mitigate them as best you can.