Posts tagged Centrifuge
Finance blood in the water ($900B wasted on digital transformation) is why neobank Chime is $15B, and why Uniswap could be next
Finance blood in the water ($900B wasted on digital transformation) is why neobank Chime is $15B, and why Uniswap could be next

This week, we look at:

  • PwC estimating that $900 billion has been wasted on digital transformation projects for enterprise, meaning finance is vulnerable

  • Chime is worth $15 billion in the latest round of valuation, same as $200B+ depository bank Fifth Third, which is quite the achievement

  • Decentralized exchange Uniswap distributing 60% of its token to the community, flipping the ownership and value accrual model

As a thought experiment -- today, if you want to save for a house, you may create a financial plan in Betterment and wait for the portfolio to accrue. Tomorrow, you may bring cashflows to a housing protocol which intermediates property markets, and build your portfolio directly into your desired goal of buying a house. Your stated selection and articulation of that goal, by choosing the housing protocol, generates value on its own through rewards, participation, governance, and various interest rate products.

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decentralized finance, digital transformation, neobankLex SokolinChime, The Bancorp, Lemonade, Fifth Third, Uniswap, Robinhood, Centrifuge, Zapper.fi
Top 5 Decentralized Finance predictions for 2020 and beyond
Top 5 Decentralized Finance predictions for 2020 and beyond

In the long take this week, I revisit decentralized finance, providing both an overview and 2019 update. The meat of the writing is the following long-range predictions for the space in the next decade -- (1) the role of Fintech champions like Revolut and Robinhood as it relates to DeFi, (2) increasing systemic correlation and self-reference in the space, which requires emerging metrics for risk and transparency, and (3) the potential for national services like Social Security and student lending to run on DeFi infrastucture, (4) the promise of pulling real assets into DeFi smart contracts and earning staking rewards, and (5) continued importance of trying to bridge into Bitcoin. Here's to an outlandish 2020!

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crypto, decentralized finance, stablecoins, central bank / CBDC, ICO / IEO, digital securities / STOLex SokolinEthereum, EOS, Tron, Uniswap, MakerDAO, USDT, Set Protocol, Nexus Mutual, UMA Protocol, Synthetix, Coinbase, Argent, InstaDApp, Zerion, Centrifuge, Figure, Bitcoin
Blockchain progress through the lens of Binance's $180MM profit and Greensill's $1.5B SoftBank raise
Blockchain progress through the lens of Binance's $180MM profit and Greensill's $1.5B SoftBank raise

Look at the difference between (1) building out the crypto asset class, and (2) operating infrastruture for a blockchain-based digital economy. There are so many little logic pot holes into which you could fall! There are so many things one could believe that make the whole thing make no sense at all! I am anchoring around two primary data points -- a Multicoin report about Binance's financial progress and its massive (though unaudited) $180 million profit in Q3 of 2019, and a post by supply chain company Centrifuge about marrying cashflow financing with the decentralized web.

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crypto, exchanges / cap mkts, enterprise blockchain, supply chain / trade, regulation & complianceLex SokolinBinance, Greenshill, MakerDAO, Centrifuge, Debitum Network, SoftBank, Vauban, Pirate Bay, BitTorrent, Netflix, komgo