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How to Fix DeFi with Dan Elitzer

May 31, 2023

Dan Elitzer, a partner at Nascent and a thought leader in DeFi, dives into the fundamental issues plaguing decentralized finance. He addresses security vulnerabilities and the crucial role of oracles, questioning what happens if major services like Chainlink go down. The conversation explores dependency-free applications and innovative liquidity solutions. Elitzer advocates for a return to core decentralized principles, emphasizing the need for resilient systems that minimize reliance on external data, paving the way for a brighter decentralized future.

59:44

Creator website

Episode guests

Dan Elitzer

AI Chapters

Episode notes

Intro

2min

Reevaluating the Foundations of DeFi

3min

Exploring DeFi Fundamentals and Cutting-Edge Innovations

4min

Navigating DeFi: Security and Evolution

27min

Navigating Trust and Custody in DeFi Innovations

2min

Navigating Web3: Education and DeFi Innovations

7min

Navigating Decentralized Finance: Peer-to-Peer Liquidity and Oracles

15min

We get back to basics on the show with Dan who answers some fundamental questions about DeFi and what it means to actually be a decentralized protocol. What are the threats to DeFi and how can we build a great decentralized future.

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Topics Covered

0:00 Intro

3:34 Let's Talk About DeFi

8:09 Intro To Dan

10:51 What About DeFi is Broken?

15:05 Why is DeFi Vulnerable?

17:23 What is an Oracle?

20:12 What if Chainlink Goes Down?

27:08 What Does it Mean To Be DeFi?

33:17 What Apps Are Actually Decentralized?

41:15 How Dependancy Free Apps Emerge

45:36 Solving the Liquidity Issue

47:57 Bring Your Own Oracle

54:36 Is Orcale Free The Future?

59:35 Closing and Disclaimers

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Resources:

Dan Elitzer

https://twitter.com/delitzer

Why DeFi is Broken and How to Fix It, Pt 1: Oracle-Free Protocols

https://www.nascent.xyz/idea/why-defi-is-broken-and-how-to-fix-it-pt-1-oracle-free-protocols

Some of Dan’s favorites:

Panoptic - https://twitter.com/Panoptic_xyz?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Timeless - https://twitter.com/Timeless_Fi?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Blend by Blur - https://twitter.com/blur_io?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

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