Ebitmex or f t x are neither, nor are they part of the traditional finance sector. They're enabled by a cryptocurencis as a permissioners payment leyr so that they can actuallye operate from anywhere in the world on some kind of regulatory haven. I think where the defy applications whill be strongest is on more sor of grass roots compos ability and then someone else build on that to make it very useful....
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.