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What is DeFi?

What is DeFi?

Talk given on 7 April 2022 in Singapore.

Live stream: https://www.youtube.com/watch?v=z29mdjBs4DE

U-Zyn Chua

April 08, 2022
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Transcript

  1. This presentation is intended for educational purposes only and does

    not replace independent professional judgment, fi nancial advice and/ or legal advice. This presentation is not intended to be a promotion or an advertisement of Cake Pte. Ltd.’s services to the general public in Singapore. Statements of fact and opinions expressed are those of the participants individually and, unless expressly stated to the contrary, are not the opinion or position of Cake Pte. Ltd. or its employees.
  2. Let's go way back Why Bitcoin is safer than your

    bank GeekCamp 2012 from https://www.weshipcode.com/developers/my- fi rst-geekcampsg-experience/
  3. DeFi begins with Bitcoin • Common perception. DeFi starts in

    2018/2019. • Cake DeFi started in 2019. • Global DeFi begins in 2008 – with Bitcoin.
  4. DeFi begins with Bitcoin • Common traits? • Financial transactions.

    • Around Bitcoin as payment or transaction settlement. • Peer to Peer
  5. DeFi begins with Bitcoin • Common traits? • Financial transactions.

    • Around Bitcoin as payment or transaction settlement. • Peer to Peer, with assistance of 3rd-parties
  6. DeFi begins with Bitcoin • Common traits? • Financial transactions.

    • Around Bitcoin as payment or transaction settlement. • Peer to Peer, with assistance of 3rd-parties • For discovery / match-make • Escrow
  7. So what did people build? ICO DAO Initial Coin Offering

    Decentralized Autonomous Organization The DAO
  8. How about... • Securing Financial Contracts • Not using all-powerful

    all-capable World Computer • How about a trustless decentralized Bank • Virtual Machine-less DeFi (VM-less DeFi)
  9. • Native DeFi • Only does what it is de

    fi ned and what it is designed. • Not multi-purpose by design. DeFiChain
  10. State of DeFi • High yield (>50% APY) • Widely

    used ($200B TVL) • Highly liquid
  11. Should You DeFi? • Yes, if you are: • Comfortable

    with cryptocurrency exposure. • Comfortable with managing private keys. • Able to understand what you are dealing with, esp. smart contracts.
  12. CeDeFi • Centralized DeFi (CeDeFi) • Custodian service into DeFi

    world. • Features: • Customer support • Service curation • Wallet management (legacy planning, etc)
  13. DeFi Be a part of the Financial Revolution https://cakede fi

    .com @cakede fi @uzyn U-Zyn Chua Cake DeFi