Generic Blockchains Don’t Work. Building A Layer 1 Specifically For DeFi | Piers Ridyard, CEO Radix
The Wolf Of All Streets
00:00
Do You Still Believe That DeFi Will Eat the Financial World?
The way I think about the financial world is like a badly connected archipelago of islands. What DeFi does is it gives you composable bits of financial products from many different companies that have competition between them. Think about Arve, Arve would not be able to exist without Uniswap because it needs to have somewhere that you can liquidate. And so as soon as that starts to be possible for the existing financial instruments that most of the market runs around, it will out compete. So I'm 100% sure that finance will be eaten by DeFi. How which companies will that be is unclear.
Play episode from 35:25
Transcript
