Cointelegraph China DeFi Marathon invited global DeFi projects, venture capitalists, and influential people to join a three-day online event on decentralized financefrom September 2nd to 4th.
Participants included blockchain projects from ontology, Darwinia network, Mini swap and Dexe.network along with DeFi projects like ForTube, Bitfrost, Gollf, Acropolis and the protocol nest. CT China hosted 10 panel discussions and had in-depth discussions with various guests about the DeFi ecosystem.
The global online broadcast brought speakers together to discuss The DeFi guarantee, high gas transaction fees, DeFi insurance and market risk coverage, the role of stablecoins, prize oracles and how venture capital to invest in the space.
Were an important topic Risks and opportunities in space. Xiangmin Lee, Co-founder of Cointelegraph China and founder of Chain capital, found that DeFi offered immediate investment opportunitiesbut the risk is that Accredited investors do not have enough time not to even conduct due diligence on DeFi projects or check their codes.
The founder of Acropolis, Andrianovasaid believed DeFi offers the ability to attract large amounts of capital, However, Thing yunpeng, Founder and CEO of the DeFi project Golf, believes that The funds invested in DeFi are still relatively small today, especially among institutional investors. In this regard, he noted:
“In the short term, DeFi will have a partial impact on traditional financial markets, but its impact is very limited. […] Although some traditional institutions have money, the proportion is still relatively small. “
He believes that with improved regulations, traditional funds will flow into the DeFi market.
Participants had different opinions about the future of DeFi. LiJun, Founder of ontology and Erick Pinos, Director for Ontology USA, believe that a decentralized platform for credit rating systems is needed in this area (like the one your project is working on) and David TruongThe Aave Protocol software developer agreed:
“In the early stages of DeFi development, many depositors, even though they had assets deposited into the loan agreement, did not want to use them to borrow. As a result, a large number of locked positions in the loan agreement were inactive and the efficiency of the use of funds was very poor. […] Loan authorization combines the intelligent contract function with peer trust and can improve the efficiency of funds. ”
The co-founder of Darwinia, Alex Chien, emphasized the importance of stablecoins for DeFi and said they play two very important roles as investors need a stable medium to store value and they need it as a medium of exchange. Lei yu, Co-founder of ForTube, agreed that stablecoins are essential for DeFi and are therefore planning to launch an Ethereum-based stablecoin project that will focus on the Asian market.
Paul Veradittakit, Partner of Pantera Capital, advised on how to invest in DeFi projects as an individual– Do your own research, get different opinions, but also get help from experts:
“Different people can bring in more expertise and other professional advice. When it comes to assessing vulnerabilities in the code, it is best to have technicians on the team to help them investigate some of the problems in the code and determine what types of risks remain. “