1/ More than 7k attendees, 2k devs, 1k companies, & 120 speakers gathered for @Permissionless last week, making it one of the biggest crypto events of the year.
It was an epic conference, so @AnaisRachel & I thought we’d share our key takeaways.
With far less attention fixated on prices, there was a tremendous focus on what's being built & learning from past mistakes (aka Luna/UST).
3/ The DeFi Mullet is taking shape with CeFi companies in the front & DeFi protocols in the back.
CeFi companies, like Coinbase & Robinhood (which announced the launch of its own non-custodial Web3 wallet at Permissionless), are making the entry point to DeFi more accessible.
1/ Given the recent market volatility, let’s explore how the improved risk management practices of DeFi protocols, and the improved capital efficiency in DeFi credit markets that has resulted, have become among the most important—and most overlooked—aspects of DeFi.
2/ The effective operations of the leading lending protocols under volatile market conditions show how dynamic risk management has become a top priority & key driver of growth as they continue to scale up operations.
3/ Understanding how DeFi achieved its hard-won stability can teach us a lot about how innovation in DeFi is driving towards more system-wide resilience, positioning DeFi to compete with—and improve on—legacy finance.
- Users can use a Coinbase wallet or any self-custody wallet
- No transaction fees to start (will increase to high single-digits)
- Platform will be restricted to users over 18 (not sure how they enforce this for self-custody wallets)
(3/4) The marketplace will allow users to buy, sell, and engage with creators, collectors, and the community around the NFTs they own:
- Features for a web3 social marketplace (follow, comment, and interact with others)
- Partnerships with NFT artists for curated NFT drops
1/ The POTUS executive order on digital assets has arrived.
It directs various US regulatory agencies to prioritize & evaluate the viability & risks associated with digital assets & their technological innovation.
Here’s what we know so far about the EO & its goals.
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2/ Protect US consumers, investors, & businesses by directing the Treasury (& other agency partners) to assess & develop policy recommendations.
It encourages regulators to ensure sufficient oversight & safeguard against any systemic financial risks digital assets pose.
3/ Protect US & global financial stability & mitigate systemic risk by encouraging the Financial Stability Oversight Council to identify & mitigate systemic risks posed by digital assets.
The Financial Oversight Council will develop appropriate policy recommendations.