Was 2020 a ‘DeFi year,’ and what is expected from the sector in 2021? Experts answer




imageCryptocurrency23 minutes ago (Dec 24, 2020 07:20PM ET)

Was 2020 a ‘DeFi year,’ and what is expected from the sector in 2021? Experts answer

Figuring out the point at which decentralized finance began almost always ends up in a rhetorical debate. Some argue that Bitcoin’s (BTC) invention a decade ago marked the start of it, as the major cryptocurrency was the first peer-to-peer digital money and represents the conceptual core underpinning DeFi. Others say — and would be technically correct in doing so — that DeFi started back in December 2017, when Ethereum-based protocol MakerDAO was launched, followed by Compound Finance and Uniswap, released in September and November 2018, respectively. On the other hand, it wouldn’t be a stretch to say that DeFi’s true ascent started this year.

DeFi’s monumental rise in total value locked — starting this summer and surpassing $16 billion this month — has undoubtedly made the sector one of the most discussed topics of 2020. And, as expected, there are those who support it and those who criticize.

Brendan Blumer, CEO at Block.one:

Brian Brooks, acting comptroller of the currency of the United States Treasury’s Office of the Comptroller of the Currency:

Da Hongfei, founder of Neo, founder and CEO of Onchain:

Dan Simerman, head of financial relations at the Iota Foundation:

Denelle Dixon, CEO and executive director of the Stellar Development Foundation:

Emin Gun Sirer, CEO of AvaLabs, professor at Cornell University, co-director of IC3:

Heath Tarbert, chairman and chief executive of the U.S. Commodity Futures Trading Commission:

Jimmy Song, instructor at Programming Blockchain:

Joseph Lubin, co-founder of Ethereum, founder of ConsenSys:

Mance Harmon, co-founder and CEO of Hedera Hashgraph and Swirlds Inc.:

Meltem Demirors, chief strategy officer at CoinShares:

Michael Zochowski, head of DeFi at Ripple:

Mike Belshe, CEO at BitGo:

Paul Brody, principal and global innovation leader of blockchain technology at Ernst & Young:

Roger Ver, executive chairman at Bitcoin.com:

Samson Mow, chief strategy officer at Blockstream:

Scott Freeman, co-founder and partner at JST Capital:

Continue Reading on Coin Telegraph

Was 2020 a ‘DeFi year,’ and what is expected from the sector in 2021? Experts answer

A lifetime in 24 Tweets: The rise of Inverse.Finance

A lifetime in 24 Tweets: The rise of Inverse.Finance
By Cointelegraph – Dec 20, 2020

Consisting of 24 Tweets over a 48-hour period, Inverse.Finance’s social media presence reads like a decentralized finance (DeFi) startup story in hyperdrive.
Over the course…

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

image

Our Apps

DOWNLOAD APPApp store

Investing.com

(C) 2007-2020 Fusion Media Limited. All Rights Reserved

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.