In this episode of The Block Coffee, Brian reflected on what had caused the market crash back in May&June 2022, which led to the key question: Is DeFi (Decentralized Finance) broken, dead or worked just fine? What mainstream media like WSJ got wrong about DeFi? What problems does Defi need to solve in order to get to the next level of adoption?

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Timestamps

(00:00) Introduction & FTX Insolvency

(02:26) Recap on what happened in May&June this year that led to Bitcoin dropping from over 40K to below 19K

(05:03) Why Three Arrows Capital's collapse was shocking to the crypto community

(06:05) Aftermath of the crypto market crisis

(07:13) What mainstream media like Wall Street Journal got right vs. wrong about Defi

(09:34) DeFi 101

(11:33) DeFi worked just fine and is here to stay

(12:01) CeFi (Centralized Finance) vs. DeFi

(18:11) How does an on-chain Defi lending protocol work

(21:06) What problems does Defi need to solve to get to the next level

(23:41) Outro & preview of the next episode

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Music Credit:

https://www.youtube.com/watch?v=TWUZMbKfpjM

https://www.youtube.com/watch?v=g145tPHDJjc