This is how you make money in DeFi - Michael So on the best investment opportunities

Banks and financial institutions are quickly adopting decentralized finance, or DeFi, to the point where most trading desks around the world are likely to use the technology to varying degrees, said Michael So, VP of business development of Cook Finance.

DeFi is still in its early adoption phase, So added.

"Last time when I read a Chainalysis report I've seen that half of the volume traded on decentralized finance ecosystem actually consists of mostly wallets being $10 million plus. I would not exactly say that the mainstream folks who are trading DeFi are accounting for half of that volume," So told David Lin at the Future Blockchain Summit in Dubai. "I can see how slowly but surely they will adopt to the fact that counterparty risk is being slowly removed from the entire system... and they will have to show how there's still value added in this world of counterparty risk being removed, alongside the fact that things are faster on the blockchain."

To learn more about how smart contracts remove counterparty risk in a trade, and which DeFi protocols to follow right now as investments, watch the video above.

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By David Lin

For Kitco News

Follow @davidlin_TVdlin@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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