According to CoinMeta, Mike Cagney indicates that DEFI is suitable for asset-driven finance (ABF), and can avoid duplicate staking, improve guarantees, and enable self-hosting as well as liquidity collateralization. Figure has already brought ABF onto the blockchain, but the approximately $6 trillion market has not yet migrated on a large scale. He lists the reasons why traditional finance has not yet entered the blockchain: poor user experience, the difficulty of achieving both qualified hosting and recoverable self-hosting, the need for hedge funds to use multiple wallets and multiple users, the ongoing clarification of hierarchical permissions and comprehensive audit regulations, and the existing clear precedents for native securities on the blockchain. KYC can be resolved through programmatic screening and wallet-level permissions.