BlockBeats News, September 22nd, Multicoin Capital co-founder Kyle Samani commented on Vitalik Buterin’s view that “low-risk DeFi’s role on Ethereum is like search’s role on Google,” stating that “analogical reasoning easily leads to incorrect conclusions.”
On September 21st, Vitalik Buterin wrote that the Ethereum community has long had a balance issue between “economic sustainability” and “idealistic goals.” Previously, applications that brought high returns were mostly NFTs, meme coins, or high-risk DeFi, while applications that truly aligned with the Ethereum vision lacked sufficient economic support. Now, as various protocols mature and security improves, low-risk DeFi is becoming a core growth point for Ethereum, focusing on payments, savings, synthetic assets, and fully collateralized borrowing, with significant transaction fee contributions and inclusive value, providing transparent, stable, permissionless financial services to global users.
This can be likened to “search to Google”: search and advertising support Google’s business model, and low-risk DeFi is expected to provide long-term, robust economic support for Ethereum. At the same time, it avoids speculation and cultural misalignment issues, aligning well with Ethereum’s spirit of decentralization.
