i think this conversation is always a very uncomfortable one to have. People never crypto to be associated with things that are sort of bit subversive. A but you know, what i always point out to people, when i just think about privacy or things in general, is like cash itself is still far more private and far more subversive than any of these things we're talking about. Ri just the dollar bill is far more subversive, right? You know, me talking about people in gold in and he being transfered will? How about hundred dollar bills? About five hundred yearo bills that are no stock piled?"...
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.