We get back to basics on the show with Dan who answers some fundamental questions about DeFi and what it means to actually be a decentralized protocol. What are the threats to DeFi and how can we build a great decentralized future.

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Topics Covered

 

0:00 Intro

3:34 Let's Talk About DeFi

8:09 Intro To Dan

10:51 What About DeFi is Broken?

15:05 Why is DeFi Vulnerable?

17:23 What is an Oracle?

20:12 What if Chainlink Goes Down?

27:08 What Does it Mean To Be DeFi?

33:17 What Apps Are Actually Decentralized?

41:15 How Dependancy Free Apps Emerge

45:36 Solving the Liquidity Issue

47:57 Bring Your Own Oracle

54:36 Is Orcale Free The Future?

59:35 Closing and Disclaimers

 

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Resources:

 

Dan Elitzer

https://twitter.com/delitzer 

 

Why DeFi is Broken and How to Fix It, Pt 1: Oracle-Free Protocols

https://www.nascent.xyz/idea/why-defi-is-broken-and-how-to-fix-it-pt-1-oracle-free-protocols 

 

Some of Dan’s favorites:

Panoptic - https://twitter.com/Panoptic_xyz?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor 

 

Timeless - https://twitter.com/Timeless_Fi?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor 

 

Blend by Blur - https://twitter.com/blur_io?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor 

 

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

 

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:

https://www.bankless.com/disclosures