MARKETS DAILY: Featured Story | AI is the Key To DeFi Liquidity

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4.7 • 698 Ratings

🗓️ 8 October 2023

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

Here are three ways artificial intelligence can improve DeFi’s accessibility, security and compliance, bringing more capital into the industry, says Emin Gun-Sirer. Today's episode is sponsored by CME Group. Today’s featured story is an opinion piece from Emin Gun-Sirer, titled: “AI is the Key To DeFi Liquidity.” - From our sponsors: CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. These cash-settled contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem. Trade nearly 24/7 in a transparent, CFTC-regulated market. Visit cmegroup.com/crypto to learn more. Disclaimer: This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by recipients based in jurisdictions in which distribution is not permitted. The information herein should not be considered investment advice or the results of actual market experience. Past results are not necessarily indicative of future performance. Trading derivatives products involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. - This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This episode of Markets Daily is sponsored by CME Group.
0:08.1	Hello, this is Markets Daily from CoinDesk.
0:11.9	I'm Noel Acheson here with your featured story.
0:15.2	On today's show, we're taking a look at how artificial intelligence can boost defy adoption.
0:21.4	We will be using Wondercraft AI voice for this episode.
0:32.4	Today's featured story is by Emin Gunn-Syr, the founder and chief executive officer at Ava Labs, titled,
0:39.1	AI is the key to defy liquidity.
0:43.4	Decentralized finance, defy, has been nothing short of a miracle. For the first time ever,
0:49.1	anyone with a simple internet connection can build wealth digitally. People in all parts of the world,
0:54.7	regardless of their financial status or location, are bettering their lives through defy by making the same
0:59.9	kinds of investment decisions previously limited to professionals, not to mention that defy is
1:04.8	cheaper and more transparent than traditional methods of financial transactions.
1:09.4	Former U.S. Federal Reserve Board Chairman Paul Volker once famously
1:12.7	quipped that the only financial innovation he could think of that actually improve people's lives
1:16.5	was the ATM. I would add defy to that short list. Traders are noticing the benefits. Aggregate
1:22.7	defy revenue is expected to grow at almost 20% annually through 2027.
1:28.3	Defi's total value locked is roughly $63 billion, and reached as high as $200 billion during
1:34.3	the last bull market.
1:36.3	Like any new technology, however, defy's growth has come with its share of painful experiences,
1:41.3	which have kept many would-be participants on the sidelines. But remarkable progress in artificial intelligence AI gives me hope that it will be the catalyst for
1:50.0	defy to continue its evolution.
1:52.0	In my opinion, many of the impediments to broader defy adoption can be lumped under the term
	...

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