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28 / M / US
The concept of privacy in DeFi has caught my attention, and Monero stands out as a key player in this niche. But how practical is it for Monero to integrate into DeFi systems? Are there ongoing efforts to merge its privacy features with decentralized applications, and what should users watch out for?
36 / M / US
On one hand, the strengths in privacy afforded by Monero can account for a certain value added to DeFi. There are, however, problems. One such informative source is here. The article https://bitcompare.net/post/monero-in-the-defi-space-is-privacy-a-viable-solution-for-decentralized-finance highlights these aspects and also talks about developers who are helping with the creations, such as atomic swaps and decentralized bridges, for ensuring Monero's integration into DeFi. This innovation can facilitate secure and private transactions, overcoming major technical and regulatory challenges. The article will be useful for understanding the future of DeFi with respect to how Monero application's privacy would interject into the developments therein.