Decentralized finance (DeFi) is on its way from becoming a small niche within the financial industry to something traditional finance (TradFi) is trying to incorporate. 

In an interview with Cointelegraph at the World Economic Forum (WEF) in Davos, Switzerland, Emin Gun Sirer, the co-founder and CEO of Ava Labs, spoke on DeFi’s role in TradFi ecosystems and what users can expect in a future where both are on center stage. 

Sirer stressed that the purpose of DeFi is not to attack or be an enemy to TradFi, but rather complement it, at least initially.

The Ava Labs co-founder highlighted that DeFi could offer services to people that TradFi doesn’t, especially when it comes to democratized access to financial services and platforms. 

Sirer believes that the two will come together. However, this is a developing mindset in the DeFi space, as first-generation DeFi systems presented an alternative to TradFi.

(By SAVANNAH FORTIS)