# kaal:claim:3606663-023

**Claim.** The evolution of the DeFi market and its new monetary system depends on the stability of DeFi products and digital assets, and both stability and adoption of DeFi are undermined by the instability of most cryptocurrencies.

**Type.** condition  **Support.** argued

**Holds when.**

- DeFi platforms denominated in volatile cryptocurrencies

**Source quote.**

> The evolution of the DeFi market and its new monetary system depends on the stability of DeFi products and digital assets. Stability and adoption of DeFi is undermined by the instability of most cryptocurrencies.

**From.** Kaal, *Digital Asset Market Evolution* (2020), 5. DeFi, page 23

**Cite as.** Kaal, Digital Asset Market Evolution (2020). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3606663

**Verify.** sha256 of source PDF `d1d4a15a293b715bb6a5a32e689f59c3a1587915039ba9a1cf4eeb8ee2a1e57c` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202020%20-%20Digital%20Asset%20Market%20Evolution.pdf

**Failure mode.** cryptocurrency instability blocks DeFi adoption  (family: adoption-and-usability-barrier)

**Topics.** defi, tokenomics

**Keywords.** defi, stability, volatility, adoption, stablecoins

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.