DeFi Lab is a Spanish-speaking decentralized financial community and organizes a Round table entitled “Is decentralized financing (DeFi) an alternative for savers?”. It will take place on September 10th at 19 (Spanish time CEST). This was reported to Cointelegraph in Spanish by this municipality in Spain through a statement.
“In the current context of zero or negative interest rates in most more developed economies, savers seem to have little room. Traditional deposits are even disappearing from the product portfolios of well-known and widely used commercial banks. On the other hand, the short-term national debt rates of the euro area countries and the UK are negative given the deep financial uncertainty. In other countries like the USA it is at most a meager 0.1%, ”explained the organizers.
“It must be taken into account that As of late 2019 and early 2020, various decentralized financial protocols known as DeFi have been offering daily deposits in cryptocurrencies that are pegged to the US dollar and are also known as USD stablecoins.. In COMPOUND or AAVE you can deposit DAI, USDC, USDT, PAX, sUSD with interest rates of more than 2% in many cases. In addition, some bureaux de change offer to pay you if you deposit your USD Stable Currency (DAI) interest rates above 2%, “they later added
They believe that this context could lead savers to look over the wall of traditional financial products. On the basis of such an impulse it seems appropriate to ask whether the gaze is directed towards the DeFi. One such question is the backbone of the meeting organized by DeFi Lab. Interested parties can participate here.
The participants of the meetup panel are Leif Ferreira, Co-Founder and CEO of Bit2Me, a leading exchange in Spain; the financial journalist Camila Russowho worked at Bloomberg, author of “The Infinite Machine” – a book that gathers the origins and first steps of Ethereum -. Russo is also the founder of The Defiant. Will also attend Juan Pablo Mejia Caicedoknown as “Juan en Cripto” on his YouTube channel, who is not only an industrial engineer from Universidad de los Andes but also has an MBA from London Business School; Arnau Ramio, Blockchain developer and DeFi manager of Tutellus, a collaborative and decentralized EdTech platform specializing in blockchain with two million students and worldwide reach; and Guillermo Abellán, Co-founder of DeFi Lab.
The debate will be moderated by Covadonga Fernandez, journalist and founder of the Blockchain Observatory.
You might be interested in: