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Radix Teams Up With Other Market Players to Offer Awareness about DeFi

Cryptocurrency Enthusiast – Max                                                     

DeFi protocol Radix confirmed the introduction of GoodFi, a non-profit project aimed at fostering the growth of decentralized finance (DeFi). Along with other Crypto trading leaders such as Aave, Chainlink, mStable, and Messari, the partnership aims to promote "education, science, and recommended practice" in the DeFi market.

The project has a strong target of drawing 100 million people who will spend at least $1 in DeFi offerings by 2025.

Piers Ridyard, CEO of Radix and developer of GoodFi, commented on the launch:

“Individually, the companies behind GoodFi are growing rapidly, yet we all share a common goal to bring the benefits and potential of DeFi to a global mass market…” He goes on to address the evolving nature of DiFi platforms in the space and acknowledges that they have “seen meteoric growth in the last 18-months” despite being “only accessed by a fraction of the global financial sector.”

In recent years, DeFi has grown in popularity. The overall amount of locked-in assets in the sector rose from a mere $600 million at the beginning of last year to more than $37 billion at press time. GoodFi has announced that it will launch a user-friendly platform for potential entrants to the sector as an initial step to achieve its target.

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