In this episode, Su and Hasu talk about decentralized finance (DeFi).

Topics covered:

- What DeFi means to Su

- Why use DeFi over CeFi?

- Is the current demand organic or subsidized by VC money?

- Where users will allocate on the trust spectrum

- The delicate dance between regulatory arbitrage & attracting talent and capital

- The path to decentralization

- Most important DeFi use cases today and in the future

- How AMMs work and can be improved

- The core building blocks of DeFi

- Incentive mechanisms

- Tokenized balances

- Atomic transactions

- Will a boom in DeFi translate to ether?

Su Zhu is the CEO and CIO of Three Arrows Capital.

Hasu is a cryptocurrency researcher and writer.

Together, they publish on Deribit Insights and uncommoncore.co.