Report: 32% of users know nothing about DeFi, and less than 30% of users have participated in liquidity mining

According to Blockbeats, a recent poll conducted by portfolio data agency Blockfolio shows that despite the increasing number of decentralized finance (DeFi) projects, people are still unsure what decentralized finance (DeFi) is.

The survey was conducted for its Signal product and asked users about their level of involvement in DeFi. The survey received a total of 8,897 votes, of which 32% of respondents responded that they did not know what DeFi was or were not involved at all. 39% said they were curious about DeFi and wanted to learn about it. Only 10% of respondents said they had earned a lot of money through liquidity mining, and 19% of users were new to DeFi but had already tried how to participate in liquidity mining.

The development of DeFi is considered one of the most important tasks for the future of the crypto industry. As DeFi projects continue to sprout, one of the problems facing the market is the need for more popular science education for users, so that everyone can understand DeFi and know how to participate in it.

BlockBeats reminds that according to the document "Risk Warning on Preventing Illegal Fund Raising in the Name of "Virtual Currency" and "Blockchain"" issued by the China Banking and Insurance Regulatory Commission and other five departments in August 2018, the general public is requested to look at blockchain rationally, not blindly believe in the exaggerated promises, establish correct monetary concepts and investment ideas, and effectively enhance risk awareness; any clues of illegal and criminal activities discovered can be actively reported to the relevant departments.