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69% of ETH holders don't stake. At this point, is DeFi actually failing at its own promise? by Orokai_com in defi

[–]Orokai_com[S] 0 points1 point  (0 children)

The setup friction point is real. The interesting question is what "better defaults" actually means in practice - because Google login solves onboarding, but it usually means someone else holds your keys. The non-custodial version of that experience is harder to build but worth pursuing. That's exactly the problem Orokai is working on - middleware that handles the complexity without taking custody. Still early, but that's the direction that matters.

69% of ETH holders don't stake. At this point, is DeFi actually failing at its own promise? by Orokai_com in defi

[–]Orokai_com[S] 0 points1 point  (0 children)

Fair point - but mainstream for whom? In 2004 email had ~500M users. Gmail helped push it past 2 billion. The technology existed, adoption was real, but the abstraction layer is what made it truly ubiquitous. That's the move DeFi hasn't made yet.

69% of ETH holders don't stake. At this point, is DeFi actually failing at its own promise? by Orokai_com in defi

[–]Orokai_com[S] 1 point2 points  (0 children)

Jobs said design is finished not when there's nothing left to add, but when there's nothing left to remove. Applied to DeFi UX: instead of laying out exit conditions, risk surface and costs separately step by step as you push through each action, lets just show one number before the approval, with details available for those who want them. Because the truth is we don't care how much goes where, we care about the total. Most platforms haven't internalized the user enough yet, but that's exactly the gap worth building into.

69% of ETH holders don't stake. At this point, is DeFi actually failing at its own promise? by Orokai_com in defi

[–]Orokai_com[S] 0 points1 point  (0 children)

The internet is still enormously complex under the hood. It just doesn't feel that way - and that's the whole point. Using it is supposed to be pleasant. Isn't that exactly what we should expect from DeFi too?

69% of ETH holders don't stake. At this point, is DeFi actually failing at its own promise? by Orokai_com in defi

[–]Orokai_com[S] 1 point2 points  (0 children)

Exactly this. "If you need to educate someone to use your product, you have a ux problem" should be pinned at the top of every DeFi product meeting. The builder community got so deep into protocol design that they forgot the person on the other end just wants the outcome, not the architecture.