# The HBR Thesis for Radix

By [jer979](https://paragraph.com/@jer979-2) · 2022-12-20

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There was a powerful article in HBR recently called, [Why Decentralized Crypto Platforms Are Weathering the Crash](https://hbr.org/2022/12/why-decentralized-crypto-platforms-are-weathering-the-crash).

It was heart-warming, in a strange way, because it showed that not every mainstream publication out there automatically equates crypto with FTX, Voyager, Celsius, and BlockFi. As they wrote:

> “these collapses weren’t at the level of crypto’s foundation.”

In fact, they were on the periphery. The core of DeFi as those of us in the industry know, held up remarkably well because the “extreme transparency” that on-ledger financial activity affords each market participant is significantly better protected.

Which is great, in theory, but in reality, “DeFi requires much more work before it can live up to its promise.”

That’s a true statement. The reality of DeFi is great in that it works, but the reality of DeFi is that it works for only those people willing to put up with the pain of the current User Experience paradigm.

What’s lacking?

> _“Additional tools are needed to ensure frequent software audits, real-time evaluation of on-chain data, and intuitive, human-readable disclosures that will allow average consumers to assess the robustness of these products in a manner that is not feasible today.”_

and what else?

“We need to incentivize people to build and use DeFi.”

Which brings me to Radix.

If you watch [RadFi2022,](https://www.radixdlt.com/radfi) you’ll see that Radix has an answer for exactly these problems.

We have a UX that allows for intuitive, human-readable disclosures. With developer royalties, we have a way to incentivize people to build DeFi. And with a network that can scale without limits, we have a way for DeFi to live up to the promise.

This is good news.

[https://www.youtube.com/watch?time\_continue=215&v=5iSK3rTjPMw](https://www.youtube.com/watch?time_continue=215&v=5iSK3rTjPMw)

And even better news for members of the Radix community?

> “It’s thus possible that, at scale, DeFi could be bigger and more value-creating than even the most successful centralized platforms.”

Yep, that’s what we are betting on.

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*Originally published on [jer979](https://paragraph.com/@jer979-2/the-hbr-thesis-for-radix)*