DeFi & the Future of Finance: Bitcoin, Crypto, Ethereum, NFT, Blockchain explained
DeFi and the Future of Finance: Bitcoin, Crypto, Ethereum, NFT, Blockchain explained.
DeFi is beyond Fintech as we know.
Prof. Campbell R. Harvey, Professor of Finance at the Fuqua School of Business, Duke University, talks to Venkat SN, Adjunct Faculty, Singapore Management University about his just released book, "DeFi and the Future of Finance"*.
In this conversation Prof. Harvey explains how Decentralized Finance solves the problems of traditional finance, technology risks and regulatory risks of DeFi, and how you can take a collateralized DeFi loan. For the curious he gives a primer on Bitcoin, Crypto, Ethereum, Stablecoin, NFT, etc.
Prof. Harvey is also a Research Associate of the National Bureau of Economic Research in Cambridge, Massachusetts and Investment Strategy Advisor to the Man Group plc, the world’s largest, publicly listed, global hedge fund provider.
Topics discussed and start times:
1. What is Decentralized Finance or DeFi (3:15 min)
2. How Decentralized Finance solves the problems of traditional finance (7:00 min)
3. Value proposition of bitcoin (19:00 min)
4. How’s Ethereum different? And what is “gas fee” for Ethereum? (22:55 min)
5. What are Stablecoins? (Some can be redeemed 1:1 for USD) (27:00 min)
6. Risks in DeFi. Crypto exchanges hacked, but DeFi is even Quantum Proof! (34:00 min)
7. China’s digital yuan, crypto-currency ban - regulatory risks facing DeFi (43:38 min)
8. Fungible Tokens and Non-Fungible Tokens (NFTs). Your $ is fungible, your land is non-fungible. (53:20 min)
9. Can a person take a DeFi loan on their house / collateral? Yes, here’s how. (55:30 min)
10. Enforcing repayment in the event of a loan default (1:01:40 min)
11. Smart Contracts substantially eases the threat of legal burdens (1:03:45 min)
12. DeFi can help the underbanked and unbanked around the world (1:08:11 min)
*Link to Prof. Harvey's book: https://www.amazon.com/DeFi-Future-Finance-Campbell-Harvey/dp/1119836018/ref=sr_1_3
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