Share this page!

Santiago R Santos Profile picture
Twitter logo
29 Nov, 4 tweets, 1 min read
1/ Investing for me is about applying as much pressure to change inefficient systems saddled with friction. I think we can all agree finance, as it exists today, is a patchwork of outdated and fragile systems. It simply has not caught up with the Internet...
2/ It's hard for me to imagine that our relationship with money/finance will not undergo a profound transformation in the next 5-10 years.

The innovation happening in DeFi is foreshadowing how this relationship may evolve. To understand why start playing with protocols/apps...
3/ After using DeFi apps, perhaps you'll start wondering why your tradFi banks can't do many of these functions. Is DeFi perfect? No. Is it risky? Yes.

There's a long road ahead to realize the full vision/potential of DeFi, but that is what's most exciting here...
4/ DeFi is about constructing a new financial system backed by similar cryptographic principles securing Bitcoin -providing strong trust guarantees & transparency. The result will be a more inclusive, efficient & expansive system. And that is why I'm all in on DeFi @paraficapital

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Santiago R Santos

Santiago R Santos Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @santiagoroel

Santiago R Santos Profile picture
3 Oct
1/ Unlike nationalism which is acquired by birthright, digital identities are created at will based on common interests & values.

The free flow of ideas w/ the internet & now capital w/ crypto, inspires and enables us to move more freely & reorganize with those we affiliate with
2/ We’re seeing a fragmentation within countries.

New York is more alike London than Alabama. England and Scotland. North and South Sudan.

Yes, it’s in our DNA to affiliate with people that look & think like us. But the latter is becoming more important esp. among younger gens
3/ The key enabler here is a parallel non-sovereign financial system we call open, decentralized finance (DeFi).

Most think DeFi on the fringes. Make no mistake, it’s front and center allowing many to migrate more easily away from oppressive political & economic regimes.
Read 4 tweets
Santiago R Santos Profile picture
14 Sep
1/ Finance has not kept up with advances in technology/Internet over the last 20 years. tradFi is mostly asleep at the wheel while an entirely new financial system is being built from scratch: DeFi. They just don't know it yet. But soon will wake up...
2/ As early players in this DeFi world, we have the opportunity to design a financial system from scratch. Combining elements of tradFi with unique new primitives enabled by crypto (flash loans, composability, AMMs, NFTs etc.)...
3 / A lot of the DeFi stack has been build behind the scenes over the past 3 years, forged in the fire of the bear market.

We're seeing these money LEGOs come together at an exponential pace. This is the power of DeFi - global, permisionless, and transparent capital markets.
Read 5 tweets
Santiago R Santos Profile picture
5 Sep
1/ Every day that goes by we get pinged by more tradFi players looking to enter DeFi. We've reached inflection points across the board that have made DeFi too hard to ignore:

- $16B in stablecoin supply (h/t @coinmetrics)
- $9B TVL (h/t @defipulse)
- [many more]
2/ Most of them have no clue how to enter DeFi, but will figure it out in the next 12-18 months. Unlike many "blockchain pilots," interest in DeFi is real. It's already a 10x improvement vs. tradFi on some use cases. Proof is in the high growth and earnings across protocols.
3/ The beauty of DeFi is that is has a hard ROI. TradFi traders are using AMMs like @CurveFinance & @UniswapProtocol to source more liquidity and better execution on some pairs. Centralized exchanges have lost their edge and are scrambling to list projects that list on AMMs first Image
Read 5 tweets
Santiago R Santos Profile picture
17 Jun
(1) Continuing on the thread of coordination problems. Here is one interesting study to solve for dis-incentives not to hire.

We're in a deflationary environment so firms don't want to be the first to hire, as they can just wait and get same talent for cheaper...
(2)...the result is bad for the economy. Firms delay hiring perpetually, high unemployment, low consumption, low GDP loop.

But here's a clever design: contingent wage subsidy. (paper link below). Basically it works like this:
(3) If Firm A hires and total hiring falls short of predefined level, govt pays a subsidy to cover negative externality

But if Firm A hires and total threshold is met, then no subsidy is paid because they benefit from positive spillover effect from more employment -> more demand
Read 4 tweets
Santiago R Santos Profile picture
29 Feb
Crypto is a global asset phenomenon. It transcends man made boundaries and touches one of the most basic human needs: financial independence. #bitcoin #DeFi
2/ Institutions are not global by design. So they will not lead this movement. Retail will.
3/ Crypto native institutions will supersede local, centralized ones. Not because users care about crypto, but simply because crypto native companies will offer better products & services. Few examples 👇
Read 4 tweets
Santiago R Santos Profile picture
9 Jan
1/ Can’t piece together why nuclear energy is so out of favor. It’s much better/efficient than renewables (wind, solar, hydro). Let’s run the numbers on why nuclear is so much better: amalgamated-contemplation.com/2015/11/04/let…
2/ Accidents like Chernobyl, Three Mile Island and Fukushima are blown out of proportion. More people died in Japan due to rising electricity costs post-accident than from radiation. See @mercatus paper: mercatus.org/bridge/comment…
3/ Almost no investments have been made to improve reactor designs and nuclear technology. @fredwilson summarized this well in his 2020s prediction post: avc.com/2020/01/what-w…
Read 5 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get email notifications when new thread is out from this Author!

Check out other threads from this Author!

Read all threads by @santiagoroel