CRYPTO 101 Ep. 636 Revolutionizing DeFi with Phoenix Labs & MakerDAO/SKY Update
Jan 14, 2025
Sam McPherson, CEO of Phoenix Labs and contributor to Spark, dives deep into the transformative world of decentralized finance. He shares his journey through crypto and the evolution of MakerDAO into subDAOs. The conversation highlights innovative platforms redefining financial systems and the significance of the SPK token in governance. McPherson discusses the complexities of Maximum Extractable Value (MEV) and the promising fusion of AI with DeFi, signaling a bright future for institutional adoption and regulatory growth.
AI Snips
Chapters
Transcript
Episode notes
Sam's Journey
- Sam McPherson joined MakerDAO in May 2021 after the DAO took control.
- He transitioned from video game development to full-time crypto.
MakerDAO Restructuring
- MakerDAO's initial flat structure faced governance and political challenges.
- Restructuring into subDAOs (Stars) aimed to simplify the protocol and improve governance.
On-Chain Finance
- Sam believes traditional finance will inevitably move on-chain.
- On-chain solutions offer greater capital efficiency compared to outdated TradFi technology.