12/27/2023
During the 2017 bull run, initial coin offerings (ICOs) were all the rage. The last bull market — in 2021 — was dominated by the growth of decentralized finance (DeFi) and yield farming. Now, as a fresh bull cycle gathers pace, 2024 will bring a breadth of more sophisticated financial products on-chain. From complex derivatives to structured products, big-boy instruments and traders will enter the digital-asset playground.
Meanwhile, the DeFi ecosystem mimics traditional financial services, such as lending, borrowing, and yield generation, only in a decentralized manner. So it seems only natural that more complex financial vehicles should eventually get a Web3 makeover.
