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In the fourth episode of Hashing It Out podcast series, Cointelegraph’s Elisha Owusu Akyaw discusses the evolution of decentralized finance (DeFi) with DeFi Dad, a DeFi educator and investor at Fourth Revolution Capital (4RC).
Defi papa entered the cryptocurrency industry in 2017; however, things really took off for him after the peak of the bullish market at the beginning of 2018. Despite the ensuing slowdown, it has decided to redouble its efforts in the area of cryptocurrency by focusing on decentralised finances. Her love of challenge has somehow translated into dependency, which has led to the creation of a series of educational videos to integrate new users into space.
The challenge content developer describes decentralized finance as money-related applications that are without authorization, trust and geographic boundaries. 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 Dad challenge, for regular users, the final questions made a compelling case for challenge. From an investor's point of view, the challenge continues to grow in spite of the turbulence in the crypto market. Defi daddy said his investment firm had received more launches of new decentralized building services startups. However, he is concerned that some of these creators may not be able to get into the business because of lower capital funding in the sector.
Elisha also engaged DeFi Dad in a conversation about the future of decentralized finance. By defi papa, an exponential increase in economic activity within the challenge space, beginning with people working on decentralized platforms, a potential increase to the $1 trillion total value within the next five years.
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In the episode, Elisha and DeFi Dad also cover:
- The Ethereum ecosystem and the popularity of layer-2 platforms.
- The use cases of DeFi
- The emergence of real yield
- Potential regulation of DeFi platforms in the United States of America
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 (GhCryptoGuy).
For more discussion with DeFi Dad, listen to the full episode of Hashing It Out on the new Cointelegraph Podcasts page or Spotify, Apple Podcasts, Google Podcasts or TuneIn.
