DeFi Lending Market Sees 20.5% TVL Increase in 2023 Midpoint, Attracting Both Traditional and Crypto Institutions
07/08 13:20
Robert Alcorn, CEO and co-founder of Clearpool, has predicted a 20.5% growth in the DeFi lending market in 2023. DeFi is gaining traction among both traditional and crypto-native institutions as a potential solution to the systemic failures of CeFi in 2022. To facilitate institutional adoption, DeFi protocols are being developed to comply with KYC and AML regulations. The resilience of DeFi is attributed to its unique architecture and community of innovators, making it an integral part of the global economy alongside traditional financial services. Clearpool aims to address the issue of over-collateralization for DeFi borrowers.
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