Decentralized Finance Market Overview
Codifying traditional Wall Street verticals remains at the heart of the DeFi bull case. It is our belief that DeFi TVL will surpass $1 trillion within the next 5 years, as an impending wave of crypto native (from existing holders of Bitcoin & Ether) and institutional…
Stablecoins have become the backbone of the crypto market, allowing primitive financial applications to execute seamlessly. For the purpose of this paper, we’ll define stablecoins as digitally traded tokens tied to the price of the global reserve currency, the US Dollar.
Ethereum: The Permissionless Financial System
The global financial system is built upon trust, that’s why banking is a trillion dollar industry. Visa, Morgan Stanley, AIG all provide various financial instruments and products to clients but ultimately their entire business model is based on being a “trusted intermediary”.
But what happens…
Collateralized Lending Protocols & Decentralized Exchanges
The growth in decentralized finance (“DeFi”) over the last twelve months has been nothing short of astonishing.
We define DeFi as the codification of traditional Wall Street verticals, such as: ABL/repo markets, exchanges, payments and derivatives. …