With the presentations by Francisco Torres, Mauricio Di Bartolomeo and Patricio López, moderated by Jazmín Jorquera, the panel entitled “DeFi – Reflections on a Decentralized EconomyIn the Crypto Night session on December 5th, the progress made at DeFi was discussed and the visions for the coming years were assessed.
First Jorquera asked: “What stage of development is DeFi at and how is it developing in Latin America?” to Torres who replied and spoke about the experience of RSK, the company he represents, Explain that more and more people in the region have turned to decentralized financial systems and that interest and inquiries have grown.
On the other hand, Di Bartolomeo was also asked what to do in order not to fall into the vices of the fiat system within the crypto ecosystem, to which the co-founder of Ledn replied The characteristics of Bitcoin mean that companies providing financial services in this sector must operate with greater caution, transparency and control. Likewise, He added that savings and loan services are necessary in Bitcoin, and that he has found that there is growth in savings and loan businesses in Bitcoin.
On the other hand, López also noted that one of the main problems facing the DeFi ecosystem compared to traditional financial systems is the high operating costs within the various protocols. The latter was created so that it is only available to a select group of people.
Another question that also arose within the panel for Di Bartolomeo was what users should consider when choosing a DeFi platform, to which Di Bartolomeo initially responded: People had to rate very well whether they had chosen to use centralized and decentralized units and explain that not many people are qualified to take on the responsibility that a decentralized unit requires of its users.