Bankless

DeFi Didn't Break with Dan Morehead & Joey Krug

Jul 27, 2022

Dan Morehead, Founder and CEO of Pantera Capital, and Joey Krug, Co-CIO of the same firm, dive into the resilience of DeFi amidst recent crypto turmoil. They discuss how DeFi's self-correcting nature contrasts sharply with the failures of centralized finance. The duo critiques mainstream media narratives, advocating for better education and transparency in the DeFi space. They also explore how DeFi could have potentially prevented past financial crises and highlight the importance of ethical regulation to maintain financial stability.

59:31

Creator website

Episode guests

Joey Krug

Dan Morehead

AI Chapters

Episode notes

Intro

2min

Advancing DeFi Accessibility

5min

CeFi vs DeFi: Lessons from Financial Turmoil

12min

Optimism vs. Skepticism in DeFi

20min

The Case for Transparency and Regulation in Centralized Lending

2min

Exploring DeFi's Role in Preventing Financial Crises

4min

Decentralized Finance: Lessons from 2008

11min

Decoupling Crypto from Macro Trends and the Future of DeFi

4min

Many things have broken in the last few months during crypto's bear market. However, DeFi didn't break. Dan Morehead and Joey Krug explain why.

Dan founded Pantera in 2003, then pivoted into cryptocurrency in 2013 and went all in on crypto, and is the firm's CEO. Joey joined Pantera in 2017 as co-CIO and is a seasoned builder/investor in the crypto space.

Both repeat Bankless guests and both know more than a thing or two about crypto and investing.

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------ Timestamps:

0:00 Intro 6:15 The Past Few Months 10:28 Crypto's 2008 Moment 12:40 The Mainstream Media Story 16:45 CeFi vs. DeFi Confusion 21:45 Media Incentives 24:00 DeFi vs. Wall Street 30:45 DeFi is Too Referential Critique 33:38 DeFi Worked Great 37:05 Transparency Thoughts 43:15 2008 Prevented with DeFi? 49:35 Educating Retail 53:39 Was This Surprising? 55:00 Quick Macro Takes 58:20 Closing & Disclaimers

------ Resources:

Dan Morehead https://twitter.com/dan_pantera

Joey Krug https://twitter.com/joeykrug

DeFi Worked Great https://panteracapital.com/blockchain-letter/defi-worked-great/

Pantera https://panteracapital.com/

----- 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.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures

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