• Emin Gun Sirer, co-founder and CEO of Ava Labs, spoke with Cointelegraph at the World Economic Forum in Davos, Switzerland, on the future of DeFi and TradFi as two industries with merging value systems.
• Sirer stressed that the purpose of DeFi is not to attack or be an enemy to TradFi, but rather complement it, at least initially.
• He highlighted that DeFi could offer services to people that TradFi doesn’t, especially when it comes to democratized access to financial services and platforms.

At the World Economic Forum in Davos, Switzerland, Emin Gun Sirer, the co-founder and CEO of Ava Labs, spoke with Cointelegraph on the future of Decentralized Finance (DeFi) and Traditional Finance (TradFi) as two industries with merging value systems. Sirer asserted that DeFi should not be seen as an enemy to TradFi, but rather complement it, at least initially. He explained that DeFi could offer services to people that TradFi doesn’t, particularly in terms of democratized access to financial services and platforms.

Sirer noted that DeFi is still in its early days and that it is important to remember what it is trying to accomplish. He believes that the purpose of DeFi is not to challenge or overtake traditional finance, but to add to it in a meaningful way. He noted that there are certain things that DeFi can do that traditional finance cannot, such as providing more efficient and cost-effective services and products. He also pointed out that DeFi can offer people access to financial services that they may not have had before, such as access to credit, insurance, and trading.

In terms of the future of DeFi and TradFi, Sirer believes that the two will continue to merge in a positive way. He believes that the two industries will eventually come to a point where they can work together, rather than compete against each other, to offer people better and more efficient financial services. He added that it is important for the two industries to stay open and flexible in order to remain competitive and create value.

Overall, Sirer believes that DeFi and TradFi should be seen as two separate yet complementary industries. He believes that DeFi can provide people with access to financial services and products that they may not have had before, and can help to improve the financial system as a whole. He also believes that it is important for the two industries to stay open and flexible in order to remain competitive and create value.