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Sep 25, 2021 8 tweets 2 min read
“Institutions can’t enter #DeFi at present…”

A 🧵 by @JoshGoodbody, Qredo COO

Read on👇

1/8
...a lack of suitable infrastructure across the trade lifecycle is keeping them (and corporates) at bay.

This includes a lack of compatible custodial solutions, as well as scalable & robust market access tools that can handle basic things like accounting and recordkeeping.

2/8
The good news is that Qredo is solving this through its radical new decentralised custody & settlement infrastructure.

But why should you care whether these big whales can enter the market? 🐋

Let’s dig a little deeper ⛏️

3/8
🤔 Ever heard the adage “liquidity begets liquidity”?

It applies not just to CeFi, but also to DeFi...

Liquidity breeds a network effect 🌐, enabling retail investors to enjoy better price discovery, and trade in deeper markets without massive price slippage.

4/8
⚠️ However, liquidity begets liquidity until it doesn’t...

Wash trading is an example of liquidity that can be hugely negative for a market.

The 🔑 is incentivising REAL liquidity.

5/8
So, this means more capital entering the DeFi space is net positive for everyone, right?

Qredo and [REDACTED] 👀 think so...

6/8
Greater liquidity, more assets flowing through the ecosystem and -- importantly, as demand creates supply -- more robust DeFi markets will start spinning up 📈🚀

Qredo aims to play a pivotal role in this evolution 🧬

7/8
By partnering with [REDACTED], we're enabling a wallet solution that is protected by the magic of multi-party computation (#MPC)🔒...

A wallet that ensures institutions can enter the space with confidence -- and at scale 💪

I look forward to sharing more details next week.

8/8

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More from @QredoNetwork

Aug 20, 2021
🚨 Centralized MPC wallets = Major risks 🚨

Quick thread on why 👇
Typically, multi-party computation (MPC) solutions record digital asset ownership rights in a centralized database or on vulnerable cloud infrastructure

1/5
When MPC nodes are centralized like this within the infrastructure of one organisation, they de facto control all the signatories

This means they might as well be holding your private keys

#notyourkeys

2/5
Read 6 tweets

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