David Stancel

DeFi

And Beyond

  • Completely Transparent

    • Blockchain

    • Open-Source 

  • Eliminates Middlemen

  • Trust-minimizing

  • Open and permissionless

  • Composable

  • Allows unprecedented automatization

    • algorithmic finance

    • programmable money

  • Allows things that have not been possible before

    • Stablecoin with no counterparty risk

    • Flash loans

Advandatges

  • Smart Contract Risk
    • Buggy code --> loss of $ 
  • Design flaws
    • Within a dapp
    • When interacting with other dapps
    • Unintended Consequences
  • Legal risks
    • Who is held accountable?
    • Accessing Dapps via Interface vs. Raw contract
    • Fitting into existing legal framework vs. rethinking the legacy frameworks

Risks

  • artificial shortage
    • buyback and burn (Binance)
  • profit-sharing (securities!)
  • running the platform infrastructure
    • receiving fees (Renprotocol)
  • network effect (Ethereum)
  • decentralized governance (Decred, MakerDAO)
  • ownership rights (NFTs, STOs)
  • PoS with slashing (Cosmos)
  • forced token utility
    • In-app currency (Celsius -- hard to do)

 

Things that Accrue Value

To Bitcoin

To Bitcoin

To Bitcoin

Growth of DeFi in the Last Years

And beyond

And beyond

Coinstory.tech

Thank you!

DeFi Zlin 4_22

By David Stancel

DeFi Zlin 4_22

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