Thor Abbasi, co-founder of Zivoe, asserts that despite the efficiency and inclusivity benefits of decentralised finance (defi) lending protocols, their adoption is hindered by intimidating wallet interfaces.

Abbasi emphasises the need for user-friendly designs to attract non-crypto users to defi platforms like Zivoe, which aims to disrupt traditional consumer lending.

He highlights innovations like account abstraction technology that could simplify defi interactions by eliminating traditional wallet experiences.

Additionally, Abbasi addresses risks such as nonperformance in defi lending contracts, advocating for smart contracts that automatically penalise defaulters and secure lenders’ capital during active use.

His insights emphasises the potential of defi to democratise financial access but stress the importance of improving user experience and managing associated risks for broader adoption.