Bitcoin

They unveil the new “cipher capitalism” in DeFi on the last day of the Blockchain Summit Latam

Among the presentations that were carried out was a panel entitled “DeFi the Cypher 21st Century CapitalismThis was presented by Anthony Chávez, Marketing Manager at Mexo and host of the DeFi en Español podcast.

From the start, we could see Chavez explain that blockchain and DeFi technology go beyond changing markets or industries. It leads to a change in people’s ideas and thoughts about the financial system, especially in the way financial services are perceived.

Likewise, Chavez explained this A separation between “two worlds” has often been created within the DeFi ecosystem, which explains why the traditional market is perceived as different from DeFi even though they are the same financial services. Although he stated that the first contributes three different main things: Access, transparency and decentralization.

New financial services

They unveil the new “cipher capitalism” in DeFi on the last day of the Blockchain Summit Latam
They unveil the new “cipher capitalism” in DeFi on the last day of the Blockchain Summit Latam

To explain how new DeFi brings, he focused on stablecoins and presented the DAI case as a stablecoin managed and run by the community itself. He also mentioned the liquidity pools, where he made it clear that this is a way to change the paradigm to the exchange houses where the users themselves provide the liquidity within the market.

The synthesized assets were also featured and found that they can change by looking at the assets and derivatives that move within the market. Flash Loans was another item that was featured in the presentations. According to Chávez in his presentation, the entire system of credit and credit in the financial sector as we know it is to be changed.

“”New ideology or new tools? We do not know yetIt was a phrase Chavez used to close his presentation and bring that to the public There are still many things to define within the ecosystem, although he still stated that everything that happens within that approach is “exciting”.

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