Tom Schmidt Explains What You Need to Know about DeFi
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 28 June 2021
⏱️ 56 minutes
🧾️ Download transcript
Summary
By now you've no doubt heard about DeFi: the hot vision of crypto that aims to disrupt traditional lending and fundraising. But the space remains really difficult to grasp. There's all kinds of jargon — Automated Market Makers, Impermanent Loss, etc. — and the markets don't quite operate like traditional markets do. So how does it all really work? Where's it going? And what will it all be used for beyond speculation? On this episode, we speak with Tom Schmidt of Dragonfly Capital to break it all down.
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Transcript
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| 0:53.9 | Hello and welcome to another episode of the Adlots podcast. |
| 0:58.0 | I'm Joe Wyzenthal. |
| 0:59.9 | And I'm Tracy Alloway. |
| 1:01.7 | So Tracy, we've obviously done a few, or at least a couple, defy episodes this year, |
| 1:09.3 | decentralized finance, sort of the hot thing in crypto. |
| 1:12.1 | But if I'm being honest, there's just still a lot that I don't get. |
| 1:18.2 | I don't think you're the only one to be fair. |
| 1:22.5 | I think there seems to be a lot of interesting things happening in the space. |
| 1:28.3 | But it's hard to wrap your head around a lot of them because, frankly, |
| 1:32.3 | they are so brand new. |
| 1:34.8 | And in addition to that, as we've spoken about before, a lot of them seem to be kind of |
| 1:39.2 | wrapped around each other. |
... |
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