I'm Not Sure if It's Going to Happen, but I'll Bet It Will.

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I think the miners have mostly stayed out of those kind of things. But, you know, like thes, it's really fascinating, because let's imagine compound, they, they submit a manual price move of twenty per cent where normally they can only move ten per cent. You know, if they submit that and the miners don't like it, it's not, what does it even mean to be submittedri could just knot get, ifc not get included. So, or even if it did get included it miyht cost so much money that there's a lot of incentives to try t, you know, to build on a separate chain. Ri, so i think that...

In this episode, Su and Hasu talk about decentralized finance (DeFi). Topics covered: - What DeFi means to Su - Why use DeFi over CeFi? - Is the current demand organic or subsidized by VC money? - Where users will allocate on the trust spectrum - The delicate dance between regulatory arbitrage & attracting talent and capital - The path to decentralization - Most important DeFi use cases today and in the future - How AMMs work and can be improved - The core building blocks of DeFi - Incentive mechanisms - Tokenized balances - Atomic transactions - Will a boom in DeFi translate to ether? Su Zhu is the CEO and CIO of Three Arrows Capital. Hasu is a cryptocurrency researcher and writer. Together, they publish on Deribit Insights and uncommoncore.co.