DeFi isn’t hard to learn. People simply never had to understand ROIs and APYs. The banks used to do all the work for us.

DeFi always comes off as “complicated” and “hard to learn” but the reality is it’s not nearly as hard of a concept as traditional finance is. In fact, I’d argue that it’s much simpler.

However, we never really needed to understand how finance works in the first place because that has always been the job of the banks and financial institutions. This is how they were able to get away with scamming so many people with hard to pay loans like the notorious student loans and new car loans.

But because there isn’t any centralized authority to take care of the processes needed to complete DeFi transactions, we need to do everything on our own which means that we need to learn every single detail needed to finish said transactions without f-ing up.

It is extremely important for the Ethereum community to fully understand this because a lot of people (especially the newbies) are very intimidated by DeFi and end up resorting to centralized finance instead, which overall hurts the DeFi space.

DeFi is starting to become more and more user-friendly with many dApps like AAVE and Curve improving the UI and UX.

It’s also becoming developer-friendly which I think is of major significance for multiple reasons. zkEVMs will be game changers for developers and the one Polygon launched yesterday is proof. Devs can now use their zkEVM to migrate contracts and simply copy paste their code with ease. The fact that it’s open source also gives it more room for improvement.

And it’s not just them, other L2s like Loopring and Scroll are also working on launching zkEVMs. In fact ZkSync already has a zkEVM testnet. The only problem with it is that its closed source or simply doesnt exist.
But regardless, all of this combined effort from these L2s will give developers much better building tools and techniques all of which directly impacts the user experience.

I hope that with the developers’ jobs becoming easier and simpler, the average user will start seeing a difference in the DeFi space with an increased user experience.

I bet that even a decent number of those who use DeFi still dont fully understand how it works and that will definitely be a problem if we ever want to go mainstream.

The reason these banks and financial institutions became popular and eventually became an integral part of society and the economy is because of the ease of use they provide, and I think DeFi developers should learn from this and work their hardest to make imitate this one way or another even though I know its an extremely hard job to do.