CoinDesk Live Recap: Ethereum’s DeFi Luminaries Discuss What’s Next

CoinDesk Live Recap: Ethereum’s DeFi Luminaries Discuss What’s Next

Will Foxley, Hayden Adams, Rune Christensen and Robert Leshner discuss DeFi on CoinDesk Live. (Screenshot)

For decentralized finance (DeFi) to make its mark, it must reach beyond the crypto bubble, said MakerDAO founder Rune Christensen.

“Compared to where we’re going next, we’ve still just scratched the surface of what this technology will do,” Christensen, whose lending platform recently topped in committed assets, said.

He was joined by fellow DeFi luminaries Robert Leshner and Hayden Adams on Wednesday in a live-streamed conversation on the state of the DeFi market. The session, part of CoinDesk’s series, was moderated by reporter Will Foxley.

It will certainly be a hard row to hoe, but the craze for and other middleman-less innovations could yet subvert traditional lenders. To date, DeFi has arguably been Ethereum’s best use case.

“We’re moving towards a world of mass tokenization, where everything that has value is going to be tokenized,” said Adams, the founder of Uniswap, a platform for exchanging ERC-20 tokens. “At the moment it looks like Ethereum is at least in the lead in terms of where it’s going to be tokenized.”

Leshner, the founder of the Compound lending protocol, said DeFi has the potential to transform the opaque, expensive and slow systems of traditional finance.

“The best things that work in traditional finance are the things that you know are there, they work, and they’re not that exciting,” Leshner said. “Can you supply $100 million of assets and begin earning interest on them immediately? Or can you borrow $100 million of assets instantaneously and note that the entire system works?”

Read more:

Why Bitcoin Is Protected by the First Amendment


To Beat Online Censorship, We Need Anonymous Payments