Strategy question

What do you believe to be the top challenges associated with DeFi today?

Practice this question out loud. An AI interviewer asks it, follows up like a real interviewer would, and scores your answer. Type or speak.

What this question tests

Strategic and market knowledge: naming real structural problems in DeFi and their business implications.

State the interpretation: focus on retail-facing challenges since this is a PM role, not protocol engineering.
Name usability challenges: complex wallets, gas fees, and irreversible mistakes that scare off mainstream users.
Name trust challenges: hacks, rug pulls, and lack of regulatory clarity that deter institutional capital.
Connect each challenge to Coinbase's business, such as how poor UX limits DeFi product adoption on the platform.
Suggest how Coinbase could address one challenge, like a simplified DeFi wallet with guardrails.

Names specific, well-known issues: gas fee volatility, smart contract exploits, and confusing seed-phrase custody.
Ties each challenge back to a business impact for Coinbase, like lost onboarding conversion from complex wallets.
Proposes one concrete mitigation, such as a custodial DeFi entry point with spending limits for beginners.
Avoids treating DeFi as monolithic, distinguishing lending, DEXs, and yield products with different risk profiles.

Giving a generic list of crypto problems unrelated to Coinbase's actual product surface.
Ignoring regulatory risk, which is central to how Coinbase can operate.
Overstating certainty about a fast-moving, still-immature space.

Which of these challenges is most solvable by a product change versus regulation?
How would you prioritize which challenge to tackle first?
How does this affect Coinbase's roadmap for the next year?