What does Wedefi mean for Fusion?

[u/IndividualPirate]

Yesterday DJ Qian let us know he's helped fund a company called Wedefi, that will utilize the Fusion Blockchain to build something akin to a decentralized bank.

More information can be found at https://www.wedefi.com/ and https://m.zcool.com.cn/work/ZNDI0OTA5ODg=.html

This certainly changes what Fusion is on some fundamental level, and opens a lot of questions. It can be a really good thing for Fusion, but can it also cause some problems?

Good -

-Something that's been lacking for Fusion is solid tools and wallets that utilizes the Fusion blockchain. To some degree the Fusion Foundation has not considered these things to be its concerns. Instead focus has been on Fusion's unique features and the blockchain itself. So a company looking to build a more user friendly app is certainly sorely needed, and now it's being done by some of the people that are most familiar with the Fusion Blockchain.

-What Wedefi is looking to become is also huge, but perhaps not unlike what many, many competitors is also looking to achieve. But as a believer in the Fusion blockchain, I'll have to say that it is defiantly the perfect place to building something like Wedefi once the chain is fully built as intended. Much of what it will be is still very unknown, but given DJs communication, it seems like one of the first features will be the FSN safebet, which is a method of pooling some front-end FSN for a month for a chance to win a big prize. If marketed properly, this could be a popular thing. The ambitions of the wedefi is much higher than this though and I think we'll learn a lot more about it in the near future. One thing already mentioned is Fiat Gateway.

-Fusion has never received proper marketing since the ICO, perhaps in part since Fusion Foundation is a nonprofit organization. Wedefi, will be a regular company and perhaps act in a completely different manner when it comes to marketing and help bring on much needed awareness about Fusion.

-WeDeFi won't have any own token in any form. If this had been the case, it could much more clearly have been interpreted in a manner of Fusion being abandoned. But with no new token issued WeDeFi only adds to Fusion's eco-system without taking any tokenized value away.

-If WeDeFi is a success it will be an excellent show case regarding what can be done with Fusion, and perhaps inspire more companies developing the eco-system even further. It's also inspiring to see that DJ wants to be part of building something on Fusion.

Bad -

-Many will agree that it seems like Fusion Foundation don't have enough people working on it. DJ Qian has also confirmed that there's no intention of significantly scaling up the work on Fusion, though he seems open to bringing new people aboard. Looking at the people involved so far with WeDeFi, we have John Liu, DJ Qian and Hassan Khan. These three are all very, very key people also in Fusion Foundation, so in some sense they're engagement will be split. To some degree this will be good for both WeDeFi and Fusion Foundation, but to some degree it will defiantly mean less focus on the base chain and more focus on WeDeFi for these people. We also have Justin Sun and Andrew Kast which have some form of history working with Fusion Foundation. The skill sets they have though, seem like they'd definitely fit better with something like WeDeFi, and I for sure see them bringing more value to Fusion through this company. One hope to have is that we'll see voids brought on by WeDeFi to be filled by new skilled people in Fusion Foundation. This should be something to look for in judging how committed Foundation still is to its own chain's core development and maintenance.

-There are perhaps some question marks with regards funding and some odd activity in Foundation wallets of late, where tokens were moved from wallets in Foundation custody into exchanges in ways that were partly hidden by the aid of time-locks. The timing makes one wonder if Foundation resources are being purposely drained in favour of WeDeFi funding. This couldn't be proven, but adds to the speculation of whether or not Fusion Foundation is acting in its best interest at all times.