Idiot-proofing DeFi with Kava Gaming CEO Brian Kerr
According to Kava Labs CEO Brian Kerr, the main reason decentralized finance, or DeFi, has yet to become commonplace is that “93% of incumbents will never touch their own keys.” Kava is a non-Ethereum-based DeFi platform that allows users to earn interest on the cryptocurrencies they own. The investors Kerr hopes to reach are those who used an entry ramp like Coinbase or Binance to buy cryptocurrencies that are now on the exchange. They are “worried about ‘tampering’ and losing their funds on a transfer, or something like that,” he says. Being used to keeping their money in a bank account, these investors prefer to keep their cryptocurrencies on an encryption platform rather than a hardware wallet.
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