Bankless

SotN#29: Erik Voorhees & ShapeShift (SotN29: Erik Voorhees & ShapeShift (DEX Aggregator, Regulation, Deplatforming, and the Bull Market)

Jan 13, 2021
Guest
Erik Voorhees
Erik Voorhees, CEO of ShapeShift and a seasoned crypto expert, dives deep into the transformation of ShapeShift into a decentralized exchange aggregator. He discusses the implications of regulatory changes on DeFi and how decentralization can navigate these challenges. The conversation also covers the emotional hurdles newcomers face in a volatile market while highlighting the importance of community engagement. With insights into resilience and market cycles, Voorhees emphasizes the ongoing battle between crypto advocates and traditional finance.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

ShapeShift's DEX Aggregation

  • ShapeShift pivoted to a DEX aggregator model, integrating leading DEXs like Uniswap, Kyber, and Bancor.
  • This offers users trustless trading, no KYC, and better pricing through aggregation.
INSIGHT

Back to the Roots

  • ShapeShift's original goal was secure, non-custodial trading.
  • KYC implementation in 2018 was due to legal risks, but the rise of DEXs allows a return to this original vision.
INSIGHT

KYC Removal

  • ShapeShift removed KYC by ending regulated activity, no longer acting as a trading counterparty.
  • This changes the legal analysis, making DEX integration less risky.
Get the Snipd Podcast app to discover more snips from this episode
Get the app