What is decentralized finance and how it is seeking to solve the shortcomings of centralized finance. How BlockFi and MakerDAO, early entrants in the DeFi space work. How to earn up to a 9% yield with cryptocurrency lending.

Topics covered include:

• How centralized finance differs from decentralized finance (DeFi)
• What are the shortcomings of centralized finance and why decentralized finance is more inclusive
• What are the key elements of DeFi
• How Ethereum smart contracts work
• How MakerDao and Dai work and replicate many aspects of the modern financial system
• How BlockFi operates using overcollateralized and undercollateralized loans
• What are the risks of cryptocurrency lending using BlockFi and Dai

Thanks to LinkedIn and Truebill for sponsoring the episode.

For more information on this episode click here.

Show Notes

Crypto Lending Interest Rates for April 2021—DeFi Rate

DeFi and the Future of Finance by Campbell R. Harvey, Ashwin Ramachandran, and Joey Santoro

Millions Lost: The Top 19 DeFi Cryptocurrency Hacks of 2020 by Anton Tarasov—Crypto Briefing

Bitcoin Lending & Borrowing w/ BlockFi’s Zac Prince & Mark Yusko—Bitcoin Fundamentals by the Investor's Podcast Network

BlockFi lands a $350M Series D at a $3B valuation for its fast-growing crypto-lending platform by Mary Ann Azevedo—Tech Crunch

BlockFi Hacked Following SIM Swap Attack, But Says No Funds Lost by Graham Cluley—Tripwire

Maker Protocol Full Guide: How to Make Money with DAI by Evan Ezquer—Asia Crypto Today

DeFi Leader MakerDAO Weighs Emergency Shutdown Following ETH Price Drop by Brady Dale and William Foxley—CoinDesk

Celsius Network Interest Rates, Explained—Celsius

What Crypto Lender Celsius Isn’t Telling Its Depositors by Nate DiCamillo—CoinDesk

Related Episodes

304​: A 15% Guaranteed Return? Lending on the Fringes of Finance

319: Here Come Central Bank Digital Currencies

335: Are Non-Fungible Tokens Good Investments?

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