February 14, 2023

DeFi Success in the Wake of Centralized Crypto Exchange Struggles

33 minutes

In 2022 we saw the failures of several centralized crypto exchanges and service providers, which has led to many consumers choosing to move towards self-custody wallet options and using decentralized protocols.

In this episode, Ian Andrews (Chief Marketing Officer, Chainalysis) is joined by former colleague, Salman Banaei (Head of Policy at Uniswap Labs) to discuss the sudden migration from centralized exchanges to DeFi protocols and how policy makers are approaching regulating decentralized ecosystems.

Salman takes us back to the origins of Decentralized Finance (DeFi) and the practical use cases around the world for these protocols to benefit consumers. He explains how the transparency of these decentralized protocols could be a huge advantage for those that are unbanked and underbanked.

Minute-by-minute episode breakdown

(2:30) – What’s new in Decentralized Finance (DeFi) around the world

(4:35) – The origins of Bitcoin and Ethereum that led to DeFi and what role Uniswap plays in the decentralized ecosystem

(11:25) – The shift from centralized crypto exchanges to decentralized finance products and self custody options

(19:21) – What is the international regulator’s perception of DeFi and additional transparency not so prevalent in traditional markets

(25:21) – Can DeFi solve the problem of predatory fees of traditional financial institutions

(29:15) – Responding to anti-crypto sentiment that has increased since major failures in 2022

(32:25) – New Uniswap features and outlook for 2023

Related resources

Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.

Report: The Chainalysis 2023 Crypto Crime Report (Coming February 2023)

Blog: How DeFi Can Cut Costs & Boost Transparency in Foreign Exchange Markets

Conference: Chainalysis Links Conference 2023 in New York City

LinkedIn Post: UK & US Governments Sanctioned Members of Russia-based Cybercrime Gang Trickbot

Twitter: Chainalysis Twitter: Building trust in blockchains

TikTok: Newly launched Chainalysis Tik Tok page

YouTube: Chainalysis YouTube page is completely revamped

Website: Careers at Chainalysis - Join us today

Speakers on today’s episode

Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)

Salman Banaei (Head of Policy, Uniswap Labs)

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