How to Fix DeFi with Dan Elitzer

Bankless

00:00

Exploring DeFi Fundamentals and Cutting-Edge Innovations

This chapter reflects on the basics of decentralized finance while introducing a seasoned expert known for their accurate predictions in the space. The discussion delves into topics like liquid staking and yield farming, alongside acknowledgments of supportive sponsors in the crypto industry.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

We get back to basics on the show with Dan who answers some fundamental questions about DeFi and what it means to actually be a decentralized protocol. What are the threats to DeFi and how can we build a great decentralized future.

------

📣 CONSENSYS | DILIGENCE FUZZING

https://bankless.cc/diligence-fuzzing-pod

------

🚀 Airdrop Alpha is waiting for you on Bankless.com

https://bankless.cc/Alpha

------

BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE

https://k.xyz/bankless-pod-q2

🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE

https://bankless.cc/MetaMask

⚖️ ARBITRUM | SCALING ETHEREUM

https://bankless.cc/Arbitrum

👾STADER LABS | ETHX LIQUID STAKING

https://bankless.cc/Stader

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION

https://bankless.cc/Toku

🎮IMMUTABLE | GAMING ECOSYSTEM

https://bankless.cc/Immutable

🛞MANTLE | MODULAR LAYER 2 NETWORK

https://bankless.cc/Mantle

------

Topics Covered

0:00 Intro

3:34 Let's Talk About DeFi

8:09 Intro To Dan

10:51 What About DeFi is Broken?

15:05 Why is DeFi Vulnerable?

17:23 What is an Oracle?

20:12 What if Chainlink Goes Down?

27:08 What Does it Mean To Be DeFi?

33:17 What Apps Are Actually Decentralized?

41:15 How Dependancy Free Apps Emerge

45:36 Solving the Liquidity Issue

47:57 Bring Your Own Oracle

54:36 Is Orcale Free The Future?

59:35 Closing and Disclaimers

———

Resources:

Dan Elitzer

https://twitter.com/delitzer

Why DeFi is Broken and How to Fix It, Pt 1: Oracle-Free Protocols

https://www.nascent.xyz/idea/why-defi-is-broken-and-how-to-fix-it-pt-1-oracle-free-protocols

Some of Dan’s favorites:

Panoptic - https://twitter.com/Panoptic_xyz?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Timeless - https://twitter.com/Timeless_Fi?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Blend by Blur - https://twitter.com/blur_io?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

-----

Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:

https://www.bankless.com/disclosures

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.

Get the app

Home Top podcasts Popular guests