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 LinFor Kitco News
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