Over the last 3 years, we have witnessed projects and protocols building new financial primitives over ETH, that comprise functions including lending, exchanges, perpetual, derivatives, etc. This array of crypto products has enabled anyone with an internet connection to invest, lend and earn in a trust-independent manner. What was to follow was the Cambrian explosion in innovation that made TradeFi bros look like our ancestors a.k.a making it very complex for retail investors to join in, and rightly so.
Let’s take a moment and recapitulate.
Count the steps from getting money off one’s bank account to a friendly DeFi app?
<Counts up to a minimum of 9 steps with % of money lost>.
Needless to mention, the UX is broken, devs are focused on abstracting all the complexities involved with DeFi/Crypto protocols and you start counting to light-years until there is finally a product to bring your mom (here, the general population) on top of DeFi.
As the creators of an upcoming big bang in the DeFi realm, Brahma is committed to an open-sourced, experimental, and research-backed product that makes DeFi accessible for all.
In laymen, we mean we help you make money minus the understanding of the code that runs in the background and we do so transparently. Simple!
Current Crypto/Defi Structure
FYI: There are more groups behind DeFi other than just these two guys
As Vadym stated in his blog, Roughly, there are six major user groups in a protocol ecosystem:
- Protocol Politicians
- Keepers And Arbitrageurs
- Protocols, Devs, And Builders
- Liquidity Providers
- Users On The Demand Side (E.G. Borrowers, Traders, Premium Payers)
- Hackers
One central thing that these groups thrive on is…… Monies, yield, efficiency of capital, that’s it. Brahma plans to integrate and make DeFi efficient for all of these groups as stated previously.
Yield/returns are what gives crypto the momentum to grow, add to network effects, and reach the masses, but there’s a central problem with how this yield is generated currently. The problem is that yield is funded by the inflationary rewards paid either by governance token holders or the money raised by teams to attract users on the platform (a.k.a Liquidity mining). Protocols like Ribbon finance (We love em, please ape there) have initiated a step towards sustainable product creation on DeFi and validated the demand for more sophisticated ways to generate yields. Taking this a notch higher, Brahma is geared to building instruments that not only create structured, and provide sustainable yields but also incorporate more degen-like instruments.
In the process of changing the route map of DeFi, several supporters have banded to elevate the vision of Brahma.
Learn more about Brahma’s live vaults and degenvaults (What’s a degenvault? See here) that currently deposit ready:
View all of 2022’s vault products here
- TopGear DegenVault: Learn more here.
- PMUSDC Main Vault: Learn more here.
- PolyGains DegenVault: Learn more here.
- ETH Maxi DegenVault: Learn more here
