Nothing against Evernorth or Asheesh, but I'm totally against this and I disagree on that point. When are we going to learn as an industry? We keep adding layers, middlemen, and complexity when the entire point was supposed to be removing them.
Instead of making self-custody and DeFi actually stupid proof for normal people, we are telling people to just hand their money to another third party and let them manage it like a bank. I understand the business model for the companies like Evernorth with fees, custody, and AUM, but it completely misses what the industry was supposed to be about. Sovereignty.
Its up to the builders/developers/companies to build the right solutions and make the tech easy for the average person. Everything else is an excuse and value extraction, in my opinion. We are overcomplicating things too much in this industry for no reason and then we are wondering why "over 90% of people find self-custody and DeFI too much".
Asheesh Birla, CEO of Evernorth believes over 90% of people find self-custody and active on-chain deployment too much. Instead, you can simply buy Evernorth stock (XRPN) and let his team professionally deploy the capital into the XRP ecosystem.
πΊWatch:
youtu.be/JuaL4g__KIE