Why Do People Use to Defy It Instead of Centralize Finance?

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There are many reasons that people us t defy right now. The most, the most a compelling reason for firms and for people is just money. There's opportunities to make money and defy. I think in the past there were more altruistic reasons like people believed in centralization or boot strap. And so unsi, i think, athh, the most recent wave of defy that has come is very organic in that sense....

In this episode, Su and Hasu talk about decentralized finance (DeFi). Topics covered: - What DeFi means to Su - Why use DeFi over CeFi? - Is the current demand organic or subsidized by VC money? - Where users will allocate on the trust spectrum - The delicate dance between regulatory arbitrage & attracting talent and capital - The path to decentralization - Most important DeFi use cases today and in the future - How AMMs work and can be improved - The core building blocks of DeFi - Incentive mechanisms - Tokenized balances - Atomic transactions - Will a boom in DeFi translate to ether? Su Zhu is the CEO and CIO of Three Arrows Capital. Hasu is a cryptocurrency researcher and writer. Together, they publish on Deribit Insights and uncommoncore.co.