My take on Decentralized Finance

Welcome to the wonderous world of DeFi

the amount of ETH locked up in MakerDAO (source: https://mkr.tools/system )

Zooming in: MakerDAO

Why bother using the DeFi stack today, instead of using traditional financial services?

The notion of leveraging your wealth without it touching hands of third parties was never possible, but is now quickly becoming available to anyone that has access to the internet and a small amount of cryptocurrency.

Why this all blows my mind(!!)

1. Misaligned incentives

2. Inaccessible

3. Censorship-prone

4. Highly complex

a visualization of the RBMS financial derivative, the nasty kind that causes the 2008 financial crisis

We won’t be be trading stocks on the stock exchange, participating in scammy investment funds or using skimpy 0.03% interest rate savings accounts. Instead, we will be using DeFi apps to manage and leverage our wealth in a way that satisfy our personal risk appetite, ethical standards and financial situations.

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Crypto native, in deep since '17. Passionate about coordination mechanisms and Decentralized Finance. Product Manager @ MakerDAO. wagmi culture.

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Deniz

Deniz

Crypto native, in deep since '17. Passionate about coordination mechanisms and Decentralized Finance. Product Manager @ MakerDAO. wagmi culture.

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