In this episode of CRYPTO 101, brought to you by pNetwork and pTokens, we got some great insight into the future of DeFi with Band Protocol Co-Founder Soravis Srinawakoon. Soravis is our very first guest from Thailand and he gives us the insider scoop on the crypto landscape thriving in the land of Boon-nam. As an early investor in crypto oracle technology, Soravis is an expert and gives us the 101 on why this is such a critical piece of infrastructure.

The main topic we kept returning to is the real potential of DeFi; would it remain a growing niche, or perhaps replace the entire financial system? On one hand, you have all of the power built on smoke and mirrors on a hidden over leveraged balance sheet that has been compounding for hundreds of years. On the other hand, DeFi brings fundamentally pure value on transparent blockchain, that can decide for itself what rules to comply with and what rules to disregard. At some point, the threat of DeFi becomes a promise, but it has a long way still to go.

Lastly, we got his thoughts on the Kucoin hack, and the collaboration of many other exchanges to help out. There is a long ongoing debate on immutability vs intervention when these enormous security breaches take place. While Kucoin has mostly recovered at the time this podcast airs, the actions and inactions that took place industry wide will be felt forever.

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