The DeFi mullet — Fintech needs DeFi in the back

Date: 2025-05-17

Opinion by: Merlin Egalite, co-founder at Morpho LabsFintechs in the front, decentralized finance (DeFi) in the back: the DeFi Mullet.Today’s fintech companies offer excellent user experiences but are constrained by traditional financial infrastructure — siloed, slow, expensive and inflexible. Meanwhile, DeFi provides lightning-fast, cost-effective, interoperable infrastructure but lacks mainstream accessibility.The solution? Combine fintech’s distribution and user experience with DeFi’s efficient back end.The mullet is inevitableFintech companies heavily rely on traditional financial (TradFi) infrastructure that is siloed, slow to deploy and run, and costly to maintain. This inefficiency limits their control over costs and product offering...

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