After the explosive growth of DeFi in 2020-2021, the industry is moving into a new phase of development, often referred to as 'DeFi 2.0'. This is not just an evolution, but an attempt to tackle key issues of first-generation DeFi and create a more resilient, effective, and capital-efficient ecosystem.

One of the main problems of DeFi 1.0 was **over-reliance on liquidity incentives** (liquidity mining). Protocols generously rewarded users for providing liquidity, leading to 'liquidity vampires', where capital quickly flowed between platforms in search of the highest APY. DeFi 2.0 seeks to address this with new mechanisms, such as **protocol-controlled liquidity**, where the protocol itself owns and manages a significant portion of the liquidity, making it less vulnerable to capital outflow.

Another important trend is the **development of more complex and integrated financial instruments**. DeFi 1.0 was often fragmented, with separate protocols for lending, exchanging, derivatives, etc. DeFi 2.0 aims for greater integration, allowing users to access a wider range of services in one place. This includes the creation of **structured products** that combine various DeFi protocols to optimize profitability or manage risks.

**Insurance and risk management** are also becoming key components of DeFi 2.0. With the increase in the total value locked (TVL) in DeFi, the need for reliable solutions to protect against hacks, smart contract errors, and other unforeseen events is growing.

Finally, **scalability and compatibility** remain critically important. DeFi 2.0 is actively exploring Layer 2 solutions, such as Optimistic Rollups and zk-Rollups, to increase transaction speed and reduce fees. Cross-chain DeFi is also actively developing, allowing protocols to operate on different blockchains and interact with each other.

DeFi 2.0 is not just a trend, but a necessary step for the further development of decentralized finance. By addressing the issues of the first generation, it lays the foundation for a more mature, stable, and efficient financial system of the future.

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