🛠️2) Problems in De-Fi services

1, Excessive complexity: The De-Fi ecosystem is very complex, creating a high barrier to entry for new users. Various protocols and services are often difficult to understand and use. Educational materials and user guides should be provided, and intuitive interfaces should be developed to improve the user experience. User-friendly tools and platforms can also lower the barrier to entry.

2. Lack of interoperability: The lack of interoperability between various De-Fi platforms often makes it difficult to move assets or access integrated services. Cross-chain technologies and interoperability protocols need to be developed to enable asset movement and interoperability between different blockchain networks. Standardised APIs and protocols can be introduced to facilitate integration.

3. Transaction speed and cost: The speed and cost of transaction processing on blockchain networks can impact the uptake of De-Fi services, especially when transaction fees increase rapidly during network congestion. Layer 2 solutions and technologies to improve scalability should be adopted to reduce transaction speed and cost. Costs can also be reduced through efficient asset management and transaction optimisation.

4. User errors: User errors can occur, such as users accidentally sending assets to the wrong address or setting up smart contracts incorrectly. Errors should be minimised by providing a more intuitive and secure user interface and adding user verification procedures for critical transactions.