3 main thoughts from the panel discussion “Bringing Next 100M Users to DeFi” with Pavel Altukhov (Founder & CEO @ TAC), Michael Egorov (Founder @ Curve Finance), Gafoor Khan (Founder @ ZeroLend), Kratik Lodha (Founding Contributor @ RenzoProtocol)!

🧑‍💻 The current DeFi infrastructure is technically capable of scaling to handle 100 million users, but the challenge lies in improving the user experience. For example, current DeFi applications are complex and akin to flying an aircraft, requiring users to have high technical knowledge.

Making the UX simpler and more intuitive, like bridging strategies or tokenizing complex financial operations, will be essential for onboarding non-technical users.

🛫 Distribution through platforms like Telegram’s integration with Ton offers a massive opportunity for DeFi. However, while distribution channels may be available, educating users on how to interact with DeFi is crucial.

The panel emphasized that user education on topics like yield generation, token staking, and the use of wallets is necessary to bring mainstream users to DeFi​.

🪙 The success stories of protocols like ZeroLend and Renzo highlight the importance of multichain strategies in DeFi growth. ZeroLend's approach to deploying on multiple Layer 2 chains, managing liquidity fragmentation, and using cross-chain solutions has enabled them to scale quickly.

These strategies will likely play a critical role in enabling DeFi applications to grow alongside the increasing number of users across different chains.