The Delphi Podcast cover image

DeFi in 2023: Building An On-Chain Binance, Speculation Primitives, DEX Beating CEXs, Ditching veTokens and Futuristic Ideas

The Delphi Podcast

00:00

Challenges and Trade-offs in DeFi Money Markets

The chapter delves into the challenges and lessons learned from under-collateralized money markets in DeFi, discussing default incidents, the reliance on central parties for due diligence, and the trade-offs between token governance and experienced underwriters. It explores the importance of legal recourse in defaults, transparency in loan books, and the trade-offs between transparency for lenders and privacy concerns of borrowers in the crypto lending space.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app