The third day of Permissionless III conference focused on decentralized finance (DeFi), with discussions on its maturation, future role, and competition with centralized services. Panelists emphasized the need for innovation in DeFi and the potential for growth among users currently reliant on centralized services. They also highlighted the shift towards profitability and trust in DeFi protocols and the increasing number of decentralized chains. Additionally, the panelists discussed the trend of centralized exchanges launching their own chains and the importance of simplifying user experience for mainstream adoption. The session concluded with a discussion on the trade-off between censorship resistance and mimicking centralized experiences in DeFi.



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