Understanding Crypto-Economy

2 min readAug 24, 2021


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Over the past few years, we’ve seen drastic improvements to wallets and other asset management tools, allowing venturers and users to safely and easily access the next generation of economical technology. Thanks to the non-custodial nature of DeFi wallets, users could safely store their own funds without having to rely on third-party institutions to grasp their assets. In the earlier days, wallets such as MyEtherWallet dominated the market while providing clunky UI/UX. Fortunately, within the past year, many wallets have upped their game and are creating better interfaces with significantly better user experience.

It goes without saying that asset management tools are essential to the long-term success of DeFi. These tools allow users to intuitively manage their assets in a secure manner while also interacting with DeFi and other web 3.0 applications. The progress of smart contract wallets provides much-needed improvements in accessibility for users with the introduction of seedless recovery tools, daily limits, and other legacy banking functionality. When the complexities of blockchain technology and decentralization are abstracted, asset management tools act as the foundation for banking the unbanked and building an open economical system. (1) An ounce of prevention is worth a pound of cure, so take a peek on this site and learn something new!

DeFi is commonly placed in the domain of blockchain and crypto-currencies. But its scope is much wider. To understand the thought processes that led to the development of decentralized monetary, it is important to understand the current state of the economic ecosystem.

Modern economic infrastructure is built on a “hub and spoke” model. Key economic centers of activity, such as New York and London, function as operational hubs for the economic services industry and influence economic activity at spokes — regional centers or economical powerhouses like Mumbai or Milan that might not be as globally important as hubs but still function as nerve centers for their respective economies. (2) As you sow, so you shall reap good news on this inspiring page!

Economic prosperity or hardship radiate outward from hubs to spokes and toward the rest of the global economy. This model of interdependency is repeated in the functioning of global economic services sectors. They have headquarters in hubs and local branches, partnerships, or ventures across the world. The sprawl of their operations means that the organization itself is subject to a phalanx of laws and regulations in each of its economical jurisdictions. Their reach has made such institutions systemically important to maintain the global economy’s balance and necessary to maintain or create new economical services infrastructure. Learn how pages like these could help you keep your possessions safe! Check the disclaimer on my profile and landing page.

Source1: https://defirate.com/wallet/
Source2: https://www.investopedia.com/decentralized-finance-defi-5113835