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Women’s influence over DeFi

5 min reading

Even if it seems like a tough industry to get in for women there have been countless women who are still giving out their opinions, sharing their ideas about their goals and interests in regards to the DeFi industry.

Even if it seems like a tough industry to get in for women there have been countless women who are still giving out their opinions, sharing their ideas about their goals and interests in regards to the DeFi industry. There are plenty of aspects to consider when you are trying to enter this specific field what are those factors driving a person and how blockchain technology, crypto and DeFi influence your complete professional and personal philosophy. Also, does this have the power to transform the life of others through promoting DeFi adoption. Hence, have you ever thought about entering the decentralized world of blockchain technology? Is there literally anything that is pulling you back? 

In this industry the above-mentioned questions might sound a bit intimidating but plenty of women who have entered into this space are changing the way decentralization is understood. Women’s participation in an industry with a preconceived idea of who the leaders should be is tough, but there are many women who are trying to break this idea everyday in all areas including the already established boundaries to like the education, technological advancements and accessibility. Their quest to change how education and implementation around the reachable finance reaches the masses will most likely inspire some who have been in this situation already, proving that the situation is still very serious.

For many people the crypto and DeFi industries is arranged with their career and personal goals can be used to their personal advantage professionally. Even if this whole industry connected to blockchain and crypto gets linked with you by mistake this could be the perfect chance to learn and understand something from it. Perhaps, to see if your experience could prove to be beneficial for blockchain and DeFi or vice versa. For instance, while working at a central bank, UNICEF blockchain lead Christina Lomazzo used her institutional ideas to create a connection. “I’ve been intrigued by the concept because of its power to redistribute traditional power dynamics and create opportunities for groups traditionally excluded from systems,” she said. “I stayed in the industry because blockchain and crypto presented an opportunity to work with a foundational technology that offered many ways that systems could be rethought and redesigned.” 

Working from within to try and change the traditional power dynamic is a well understood example of how to use your previously gained knowledge in DeFi. Transforming the process of one institution will definitely make some changes, most probably creating the need to push boundaries of the industry and your career. Even a single one of your interests matches with education then in that case it is best to consider how to conduct meetups with the goal of educating. Elena Silenkova, co-founder of CryptoChicks did exactly the same. For her learning more about Ethereum has been a passion of hers and after years of working hard and troubleshooting it on windows, she decided to organize a meetup with other women to have a conversation about Ethereum and understand their opinions as well. 

“We eventually created a meetup group for women to teach them about different blockchains, various wallets and, most importantly, about the security precautions they need to pay attention to while working with crypto. Our meetup group grew; we started doing bigger events and ended up organizing CryptoChicks worldwide blockchain hackathon for women.” From across the world women have been travelling to Toronto for hackathons with major firms such as Deloitte and Microsoft were inviting them for seminars and many women-led educational groups were curious and asking about CryptoChicks chapter to be established in various countries around the world. Selenikova is a firm believer that “many women needed help turning their projects into startups after these hackathons.” 

A firm interest for education is crucial to the industry, most importantly in a space which feels like a closed-off subculture and that is what SheFi founder Maggi Love was thinking. After learning about blockchain in a meeting, love considered to do a research on this topic. “I wanted to figure out a way to kind of create a model like [ the NCAA playoff bracket] or to get women excited to play with money in some sort of way and put it in DeFi protocols. There’s a problem that no women are putting their money in DeFi protocols and experimenting with them and earning money on their money.” One should be well aware of their strengths and interests which would help in utilizing your past experiences within the DeFi and crypto space, especially when it is pushing you toward the industry. Love said, “I was curious, I read about [blockchain], then I had to be a part of it. It was one of the best decisions I’ve made in many ways to date.” 

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