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decentralized finance

central bank / CBDCChinacivilization and politicsCryptoDAOsdecentralized financegovernanceIndiamacroeconomicsMetaverse / xRregulation & compliance
·Aug. 5, 2021

Sheila Warren of the World Economic Forum on the 4th Industrial Revolution, the role of Law, Government, and DAOs, and the Creator Economy

In this conversation, we are so lucky to tap into the brilliant mind of none other than Sheila Warren who sits on the Executive Committee of the World Economic Forum and is a key member in the executive leadership of the Forum’s Centre for the Fourth Industrial Revolution (C4IR), in which she oversees strategy across the entire C4IR Network, consisting of centers in 13 countries. Sheila also holds board member and advisory positions at multiple institutions and organizations including The MIT Press (Cryptoeconomic Systems), The Organisation for Economic Co-operation and Development (OECD), NGO network TechSoup and she is a Member of The Bretton Woods Committee.

More specifically, we discuss her professional journey from small claims court to NGO Aid to refugees to corporate law to The WEF, touching on rational choice theory, corporate personhood and its correlation to the growth around ESG, new substrates, DAOs and protocols, artificial intelligence, the purpose of The World Economic Forum and its impact on governments and society alike, and just so much more!

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Cryptodecentralized financeInvestingroboadvisor
·May. 11, 2020

$700B Franklin Templeton buys wealth tech AdvisorEngine, while digital investing DeFi revolution only starting

This week, I pause to reflect on the sales of (1) AdvisorEngine to Franklin Templeton and (2) the technology of Motif Investing to Schwab. Is all enterprise wealth tech destined to be acquired by financial incumbents? Has the roboadvisor innovation vector run dry? Not at all, I think. If anything, we are just getting started. Decentralized finance innovators like Zapper, Balancer, TokenSets, and PieDAO are re-imagining what wealth management looks like on Ethereum infrastructure. Their speed of iteration and deployment is both faster and cheaper, and I am more excited for the future of digital investing than ever before.

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central bank / CBDCCryptodecentralized financeopen sourcephilosophyregulation & compliancestablecoins
·Dec. 21, 2020

Crypto regulatory wargames with FinCen, FCA, and the US House of Reps, impacting Paxos, Compound, BBVA, and Northern Trust

This week, we look at:

  • Proposed US regulation from FinCEN, legislation from the House of Representatives, and UK FCA registration requirements that would impact the crypto industry

  • The difference between competition for share within an established market, and competition between market paradigms (think MSFT vs. open source, finance vs. DeFi)

  • The crypto custodian moves from BBVA, Standard Charters, and Northern Trust

  • The bank license moves from Paxos and BitPay, as well as the planned launch of a new chain by Compound, in the context of the framework above

Permissionless finance is a paradigm breach. It pays no regard for the very nature of the incumbent financial market. Without banking, it creates its own banks. Without a sovereign, it bestows law on mathematics and consensus. Without broker/dealers, it creates decentralized robots. And so on. It tilts the world in such a way as to render the economic power of the incumbent financial market less important. Not powerless -- the allure of institutional capital is a constant glimmer of greedy, opportunistic hope. But the hierarchy of traditional finance does not extend to DeFi, and thus has to be re-battled for the incumbent. This is cost, and annoying.

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decentralized financedigital lendingdigital transformationphilosophy
·Aug. 19, 2019

Robocop vs. Terminator in Fintech; Comparing DeFi originations to Digital Lenders in the early years

I've got a gentle, data-backed story this week inspired by a great distinction made in this Techonomy article by the Chief Digital Officer at Schneider Electric. The thesis tracks three key lessons from attempting to bring large companies into the 21st century: (1) transform the core of your business instead of fumbling around at the edges, (2) digitize your processes and separately figure out a distinct digital model, and (3) catalyze a digital ecosystem from the new model. You can think about the distinction as either taking the existing business and slowly swapping out parts from human to machine (e.g., like RoboCop), or building the robot from scratch utilizing the latest platforms, markets, and artificial intelligence (e.g., like Terminator).

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decentralized financedigital transformationMetaverse / xRNFTs and digital objects
·Oct. 16, 2020

Virtual communities and digital worlds are the difference between Finance Incumbents, Fintech, and DeFi

This week, we look at:

  • How the medical reality is accelerating remote work and digital commerce, including the success of buy-now-pay-later companies like Affirm and Klarna

  • The emergence of virtual worlds and video game environments that generate $ billions in revenue and have millions of participants, with examples of Zwift, Fortnite, Tomorrowland, Roblox, Genshin Impact

  • How to connect digital environments to digital communities and their economic activity, including through mechanisms like non-fungible-tokens in Rarible and Async Art

  • Advice for shifting thinking from manufacturing financial product, to starting with the customer, to leveraging the community

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Cryptodecentralized financedigital lendingInvesting
·Oct. 8, 2021

CEO of Yield App, Tim Frost, on integrating DeFi Yield products into a regulated Fintech company

In this conversation, we chat with Tim Frost, CEO and Co-Founder of Yield App, a fintech app making DeFi accessible to everyone. Prior to founding Yield, Tim helped build 2 previous digital banks, Wirex and EQIBank. Tim has also helped accelerate early-stage blockchain startups QTUM, NEO, Paxful, Polymath, and many others.

More specifically, we touch on all things crypto banking and debit cards, crypto onramps, juristictions and regulation, defi banking, yield generation mechanisms, and so much more!

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Cryptodecentralized financeNFTs and digital objectsstablecoins
·Dec. 11, 2020

5 Reactions to Messari’s 134 page crypto report

Sometimes more is more, and sometimes less is more.

In that spirit, we strongly urge you to check out Messari’s Crypto Theses for 2021. It is a mammoth work of 134 pages, covering each and every development in the ecosystem.

If you don’t want to fuss around with the email gate, the direct link is here.

We are going to pick out five things that are interesting to us substantively and provide a view below. By pick out, we mean screenshot and respond.

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Cryptodecentralized financep2p & crowdfundingSocial / Community
·Mar. 19, 2021

Camila Russo of The Defiant and author of The Infinite Machine discusses crypto journalism, writing about Ethereum’s inception, $69M NFTs, and building a DeFi community

In this conversation, we talk with Camila Russo of The Defiant and author of The Infinite Machine, about her journey as a successful financial journalist was derailed by the Crypto boom and subsequent winter of 2017. Additionally, we explore the success behind her first book, the nuances of the NFT craze, and how The Defiant became one of the most popular crypto media brands to date.

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decentralized financeNFTs and digital objectsphilosophysupply chain / tradevisual art
·Feb. 8, 2021

Non-fungible tokens and crypto art (like Hashmasks) will create multi-billion markets for digital objects with financial features

This week, we look at:

  • Hashmasks, CryptoPunks, and other large NFT / crypto art projects generating tens of millions of USD trading volume

  • Perceptions of financial value, as well as whether it matters to have an “original” digital art piece relative to its digital copy

    The intersection of collectibles with decentralized finance, and its collateralization, tranching, lending, and trading, as well as a view on 2021

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Cryptodecentralized financedigital lendingenterprise blockchainentrepreneurshipfixed incomeneobankroboadvisor
·Jul. 17, 2020

Figure, SoFi and the Disruption of Finance with Mike Cagney

Mike Cagney is the Co-Founder and CEO of Figure, a full stack financial services blockchain company with consumer offerings in market or on the way in lending, banking and more. In late-2019, Figure raised $103 million at a $1.2 billion valuation and continues to grow.

Prior to starting Figure, Mike co-founded and ran SoFi, one of the most successful consumer fintech companies ever.

In this conversation, we discuss Figure’s routes to asset origination and capital markets disruption, Figure’s previously unannounced consumer banking and payments offering, lessons learned building and scaling multiple billion dollar companies and more.

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