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. ------ 📣 CONSENSYS | DILIGENCE FUZZING https://bankless.cc/diligence-fuzzing-pod   ------ 🚀 Airdrop Alpha is waiting for you on Bankless.com https://bankless.cc/Alpha    ------ BANKLESS SPONSOR TOOLS:   🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask    ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum    👾STADER LABS | ETHX LIQUID STAKING https://bankless.cc/Stader    🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku    🎮IMMUTABLE | GAMING ECOSYSTEM https://bankless.cc/Immutable    🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle    ------ 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   ——— 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    ----- 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://www.bankless.com/disclosures       

In this lively discussion, Dan Elitzer, co-founder of Nascent and a DeFi expert, shares his insights into the recent Unichain announcement. He explores the potential impact on $UNI and the Ethereum ecosystem, emphasizing the challenges and innovations within decentralized exchanges like Uniswap. The conversation also covers the idea of a DeFi renaissance, the complexities of market sentiment, and the future of multi-chain liquidity. Elitzer adds humor by highlighting unexpected sources of optimism in the industry, showcasing a collaborative spirit among crypto innovators.