Vitalik: DeFi is a crucial part of Ethereum's core values and will reclaim the early DeFi spirit in the future

BlockBeats News, February 25th, Ethereum founder Vitalik posted on social media stating that DeFi is a critical part of Ethereum's core values. Financial empowerment is a key dimension in achieving autonomy and freedom in today's world. Finance is far from Ethereum's sole purpose, but it is vital.

The current DeFi landscape has opened up the world's best savings, risk management, and wealth creation opportunities to the world in a permissionless manner. The Ethereum Foundation needs to continue building on this foundation. The greatness of Ethereum's early DeFi era lies in its daring to dream, innovate, and create a whole new paradigm. The future of DeFi will reclaim this spirit, not just aiming to "build a better stablecoin," but to delve deeper into fundamental issues and propose superior solutions.

The Ethereum Foundation's support for "on-chain finance" and even "DeFi" is not unconditional. It has a clear vision for DeFi: a permissionless, open-source, privacy-first, security-centric global financial system — maximizing user control over their own assets, minimizing centralization bottlenecks and trusted third parties, and democratizing risk management and wealth accumulation. The Foundation hopes that protocols can pass the "exit test": even if the founding team suddenly disappears, the system can still operate, but achieving this vision will require a lot of work.