Fintech Insider Podcast by 11:FS cover image

655. Insights: What does good crypto design look like?

Fintech Insider Podcast by 11:FS

00:00

The Future of Defy Cryptocurrency

A lot of the problems that have happened with the crypto crash this year weren't actually defy protocols at all. They were centralized companies that offered an experience that just looked like a normal banking experience to people, but offered these huge yields. So i think there's this slight problem with the defi mullet in that if you make something look too much like a bank or a familiar fintek on the front, and people don't realize that they're using defy on the back, then you have problems. But going back to what i said at the beginning, it works if it's done in a responsible way.

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