David Stancel
DeFi
And Beyond
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Completely Transparent
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Blockchain
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Open-Source
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Eliminates Middlemen
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Trust-minimizing
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Open and permissionless
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Composable
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Allows unprecedented automatization
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algorithmic finance
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programmable money
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Allows things that have not been possible before
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Stablecoin with no counterparty risk
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Flash loans
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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
