Why this Ex-Facebook Lead loves Frax w/ Ken Deeter - Flyhweel #52
Flywheel DeFi
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The Future of Blockchain Liquidity
Blockchain liquidity is a replacement for traditional fractional reserve banking. It gives protocols the ability to be under collateralized, maybe just like a little bit. I don't see why that wouldn't happen in the future; it seems like an inevitability as well. We're still at a point where most of society doesn't actually, you know, trust this stuff when it comes to smart contracts and things like that. So if you can get 300 million people on DeFi or stablecoins, then we'll probably have some kind of currency system one day.
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