Ethereum 2.0 Is Likely to Boost DeFi Further, Even After Parabolic Rally

One of the hottest crypto trends over recent months has been Ethereum DeFi. Chart of Ethereum vs. top DeFi altcoins (Compound, Chainlink, Ren, Synthetix Network Token, and Aave's LEND) over the past three-four months.

But, there will still be some looking to stake their cryptocurrency, pushing rates higher on DeFi platforms as borrowing activity increases: “Markets love equilibrium so you will end up with a small discount between ETH supply rate on Aave and the staking yield on ETH2. Unfortunately for DeFi and Ethereum bulls, there’s been some recent talk of the upgrade being pushed back.

Timeline of Chainlink, Ethereum, Ren