5min chapter

Bankless cover image

151 - Why Are We Here? with Erik Voorhees

Bankless

CHAPTER

DeFi vs CBDC - Is DeFi Better Than CBDC?

Ryan: I would never say that it's good when something like this happens. People lost money, not just big names and VCs with SPF, but average retail everyday investors. Some of these depositors had their funds in companies that were disconnected from FTX. We make sure that grandma doesn't get scammed in this crypto ecosystem. Those things which make bad decisions will get out over time. And what remains is a stronger, heartier, more fit forpurpose environment.

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