Vitalik Buterin Says DeFi Must Mature! — No More ‘Onchain Finance’ Buzz
Summary
Ethereum co-founder Vitalik Buterin asserted that the Ethereum Foundation (EF) will not support decentralized finance (DeFi) indiscriminately, moving beyond the broad "on-chain finance" label. The EF prioritizes protocols that are permissionless, open-source, private, and security-focused, maximizing user control and minimizing centralized chokepoints. A key criterion for support is the "walkaway test," meaning protocols must remain functional even if their founding teams vanish or become hostile. Buterin urged builders to focus on fundamental issues like risk management rather than incremental product iterations. The EF's roadmap emphasizes security, privacy infrastructure, standards, risk clarity, and better coordination, aiming for trustlessness by reducing discretionary control and off-chain dependencies, such as improving oracle security and making privacy a default feature.
(Source:CCN)