Why ser are you so enamored with crypto derivatives? Is it just KYC, you dirty degen?
KYC (and the fact that crypto derivatives can't be shut down) is a huge ideological reason for me. But there are other benefits, too
👇
KYC (and the fact that crypto derivatives can't be shut down) is a huge ideological reason for me. But there are other benefits, too
👇
2/
- On-chain verifications, so you're not depending on a broker
- 24/7/365 markets
- Powered by smart contracts so with a hardened system there shouldn't be outages (we're some time away from that perhaps but it will come)
- On-chain verifications, so you're not depending on a broker
- 24/7/365 markets
- Powered by smart contracts so with a hardened system there shouldn't be outages (we're some time away from that perhaps but it will come)
3/
- Product selection: if you can dream you can build it in DeFi and your audience will be global... no more walled-off, segregated islands of liquidity
- Composability might be the biggest reason, though: imagine posting a synth as collateral for a loan, for example...
- Product selection: if you can dream you can build it in DeFi and your audience will be global... no more walled-off, segregated islands of liquidity
- Composability might be the biggest reason, though: imagine posting a synth as collateral for a loan, for example...
4/
...then using the borrowed proceeds to park in an interest-bearing account. That's the simplest example, but these things will be mashed up and mixed together in ways we can't conceive of yet
...then using the borrowed proceeds to park in an interest-bearing account. That's the simplest example, but these things will be mashed up and mixed together in ways we can't conceive of yet
5/
Lastly, there are also nearly 2 billions humans without bank accounts. Much like many countries skipped landline internet and went straight to mobile internet, many countries will skip the legacy banking system
Lastly, there are also nearly 2 billions humans without bank accounts. Much like many countries skipped landline internet and went straight to mobile internet, many countries will skip the legacy banking system
6/
And they will arrive in the land of decentralized money... a place unencumbered by the mental burden of a dying system of centralization and trust
And they will arrive in the land of decentralized money... a place unencumbered by the mental burden of a dying system of centralization and trust
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