With DeFi activity reportedly down 70% from its all-time high and the recent OFAC regulations, it is safe to say DeFi took a heavy beating in 2022.
However, Sam Kazemian, Founder of decentralized stablecoin protocol Frax thinks that DeFi is not dead but requires innovation to reignite interest in the vertical.
Today on Blockcrunch, we have Sam and Wangarian to share with us:
Regulatory landscape and tips on navigating it
Lessons that the DeFi industry could learn from Luna’s implosion
How to revive DeFi as a vertical
Host: Jason Choi @mrjasonchoi . Not financial advice.
Full episode links can be found here:
------------ Timestamps -------------
(00:00:00) – Introduction
(00:02:17) – Regulatory pressure on DeFi
(00:05:54) – Tips for founders to navigate regulations
(00:13:05) – Reviving DeFi as a vertical
(00:19:43) – Lessons from Luna’s implosion
(00:28:18) – Dilemma of centralization and stability
(00:32:04) – Verticalization vs composability
(00:36:39) – Updates on Frax and its future
(00:42:20) – Use-cases that Sam is excited for
----------- Sponsors -------------
dYdX is the Leading Decentralized Exchange for trading perpetual contracts. Users enjoy low fees, deep liquidity, up to 20x more buying power and even earn $DYDX from trading. Trade on dYdX today at: https://trade.dydx.exchange
----------- More Resources ---------
Guest
Sam Kazemian ’s Twitter: https://twitter.com/samkazemian
Frax’s Twitter: https://twitter.com/fraxfinance
Blockcrunch
Blockcrunch VIP: https://blockcrunch.substack.com/
Blockcrunch Twitter: https://twitter.com/theBlockcrunch
Jason Choi’s Twitter: https://twitter.com/mrjasonchoi
------------ Disclosures -------------
Disclaimer: The Blockcrunch Podcast (“Blockcrunch”) is an educational resource intended for informational purposes only. Blockcrunch produces a weekly podcast and newsletter that routinely covers projects in Web 3 and may discuss assets that the host or its guests have financial exposure to. Views held by Blockcrunch’s guests are their own. None of Blockcrunch, its registered entity or any of its affiliated personnel are licensed to provide any type of financial advice, and nothing on Blockcrunch’s podcast, newsletter, website and social media should be construed as financial advice. Blockcrunch also receives compensation from its sponsor; sponsorship messages do not constitute financial advice or endorsement.
Frax Stablecoin Founder: Did Regulations Kill DeFi?