Tune in to this week's episode of the Hashing It Out podcast, where we discuss the evolution of decentralized finance with DeFi_Dad. 🎙️ We also cover the emergence of real yield and where the market may be heading. 💡
DeFi Dad got into the cryptocurrency industry in 2017; however, things really took off for him after the bull market top in early 2018. Despite the downturn that followed, he decided to double down on crypto with a specific focus on decentralized finance. His love for DeFi translated into somewhat of an addiction, which led to the creation of a series of educational videos to onboard new users into the space.
The DeFi content maker describes decentralized finance as money-related applications which are permissionless, trustless and without geographic limitations. DeFi Dad emphasized the trustless nature of DeFi while showing the difference between decentralized applications and centralized applications like FTX, which he calls a bank:
“FTX was a bank that specialized in handling crypto, and unfortunately, it turned out that they didn’t even operate and uphold the terms of services you would expect from a bank.” According to DeFi Dad, for regular users, the latest issues have made a convincing case for DeFi. From an investor’s perspective, DeFi continues to develop despite the crypto market turmoil. DeFi Dad said that his investment company had received more pitches from new startups building decentralized services. However, he worries that some of these creators might be unable to launch due to declining capital funds in the sector.
Hashing It Out is a new crypto podcast covering innovations and important stories in the blockchain industry, featuring interviews with thought leaders in the space hosted by Elisha Owusu Akyaw .
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