- Decentralized finance is expected to deliver bank-like services by streamlining complexities, making it accessible to global users.
- Mercuryo is backing 30 Web3 startups with funding and grants to develop consumer-facing DeFi applications.
- DeFi holds potential to reshape public and private markets, driving efficiency and enabling tokenized asset solutions.
The co-founder and CEO of Mercuryo, Petr Kozyakov, shared his vision for decentralized finance becoming a mainstream financial tool. He predicts DeFi applications will offer services that resemble traditional banking products while removing the complexities currently associated with the technology. Speaking through a written Q&A, Kozyakov highlighted the sector’s long-term viability and its ability to transform both public and private markets.
Mercuryo recently unveiled an initiative to support 30 startups focused on creating Web3 consumer use cases within the DeFi space. Announced on November 21, the program provides equity-free integration grants, funding opportunities, and access to Mercuryo’s network for scaling companies. The initiative prioritizes startups developing solutions aligned with crypto’s principles, such as self-custody, interoperability, and open-source development.
Startup Vision and Consumer Applications
Kozyakov noted that one of the primary goals of the initiative is to onboard millions of new users into DeFi ecosystems. Startups will focus on simplifying DeFi tools and creating user-friendly applications that appeal to Web2 consumers, effectively bridging the gap between traditional systems and decentralized technologies.
Kozyakov emphasized that DeFi could revolutionize financial markets in the next two decades by driving efficiency and liquidity in private markets and powering public markets. He believes that as DeFi products evolve, they will offer previously inaccessible investment opportunities to a global audience, expanding financial inclusivity.
The Future of DeFi
Mercuryo’s CEO foresees a future where decentralized applications act as gateways to DeFi, with complexities like bridging funds and security managed in the background. He envisions the DeFi landscape providing products akin to those of banks, enabling tokenized assets, and bringing liquidity to private markets. Kozyakov emphasized that DeFi’s transformative power lies in making sophisticated financial products available to everyday users, potentially revolutionizing the global financial system.
