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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. What is DeFi? https://cakede fi .com @cakede fi @uzyn U-Zyn

    Chua Cake DeFi
  2. 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.
  3. Decentralized Finance

  4. Let's go way back

  5. Let's go way back to 2010

  6. None
  7. 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/
  8. Why Bitcoin is safer than your bank GeekCamp 2012 circa

    2012
  9. DeFi begins with Bitcoin • Common perception. DeFi starts in

    2018/2019. • Cake DeFi started in 2019. • Global DeFi begins in 2008 – with Bitcoin.
  10. Bitcoin (₿) is a decentralized digital currency, peer-to-peer bitcoin network

    without the need for intermediaries.
  11. Remember

  12. Remember

  13. Remember

  14. Remember

  15. Remember

  16. DeFi begins with Bitcoin • Common traits?

  17. DeFi begins with Bitcoin • Common traits? • Financial transactions.

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

    • Around Bitcoin as payment or transaction settlement. • Peer to Peer, with assistance of 3rd-parties
  19. 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
  20. Regardless Money is Free!

  21. Regardless Money is Free!

  22. It's 2015

  23. None
  24. Money was free from 2008 Financial contracts are not

  25. What is Ethereum Computer-as-a- service

  26. Computer-as-a-service

  27. Computer-as-a-service • Global state machine. • Global Turing-complete state machine.

    Run anything, build anything!
  28. So what did people build?

  29. So what did people build?

  30. So what did people build?

  31. So what did people build? ICO DAO

  32. So what did people build? ICO DAO Initial Coin Offering

    Decentralized Autonomous Organization The DAO
  33. So what did people build?

  34. So what did people build? Non-Fungible Token (NFT)

  35. So what did people build? Non-Fungible Token (NFT) circa 2018

  36. So what did people build? Free stablecoin

  37. So what did people build?

  38. So what did people build?

  39. Money has been Free Financial Contracts are now free!

  40. That's DeFi as we know today.

  41. All 🌈 & 🦄 ?

  42. None
  43. None
  44. None
  45. How about... • Securing Financial Contracts • Not using all-powerful

    all-capable World Computer
  46. 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)
  47. None
  48. • Native DeFi • Only does what it is de

    fi ned and what it is designed. • Not multi-purpose by design. DeFiChain
  49. DeFiChain Financial-Contract- as-a-service

  50. State of DeFi

  51. State of DeFi Widely Used

  52. None
  53. High Yields

  54. Decentralized Tokens

  55. State of DeFi • High yield (>50% APY) • Widely

    used ($200B TVL) • Highly liquid
  56. 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.
  57. CeDeFi • Centralized DeFi (CeDeFi) • Custodian service into DeFi

    world. • Features: • Customer support • Service curation • Wallet management (legacy planning, etc)
  58. None
  59. None
  60. None
  61. None
  62. DeFi Be a part of the Financial Revolution https://cakede fi

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