How is programmable money changing the world? Get some answers at the experts' panel hosted by Cointelegraph’s editor-in-chief KristinaLCorner, directly from Davos!
Reporting from the inaugural day of the Blockchain Hub Davos 2022 conference, Cointelegraph’s editor-in-chief, Kristina Lucrezia Cornèra panel discussion centered around decentralized finance titled"Programmable Money is Here — and It’s Changing the World as We Know It."
All of his fellow panelists concurred with this viewpoint. Horsman shared that DeFi’s total value locked was $1 billion in May 2020, but has since grown 150 times — a healthy barometer of success for the industry by his account. Advancing that thesis, Coral Capital’s Horsman shared that the Terra crisis partly occurred because “they were essentially offering yields that were unsustainable, and [that] there were venture capital firms that were bootstrapping those yields in order to bootstrap an ecosystem.” He noted that his firm decided to withdraw funds from the project in November–December 2021 after their reserve modeling data predicted worrying calculations for the future.
Monahar stated that “I think DeFi has a huge potential to create financial inclusion,” but that to achieve visions of decentralization, there needs to be “interoperability at a true fundamental algorithmic level.” This, he argued, will cultivate a frictionless experience that promotes commonality and fosters incentives for inclusion.
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