DAOs have changed Companies infrastructure, DeFi is transferring the financial sector and taking power over money from banks to people. We are exploring those topics more deeply and discussing with the leaders of their industries how decentralised tech is so powerful and changing people’s views on money and social infrastructure. We are aiming to educate, help form the new generations that will not be slaves of the current bank system and governance, facing corruptions, stuck money transfers and many more common problems. We are looking forward to seeing changes in the current company structures and processes how they handle governance in the company. We are thrilled to see the rise of new, decentralised financial institutions or maybe even no financial institutions where people will be able to handle their own money without a middle man (3rd party that will handle and bite a piece of their money for handling it). We are looking forward to seeing the impact of Web3 outside of “Crypto Bubble”.
We put up these takeaways from each speaker that we hosted during The f̶u̶t̶u̶r̶e̶ present is DeFi and DAOs sessions. Every talk was recorded and it’s live on YouTube, find main takeaways from the talks below.
Recordings from the Event sessions:
The f̶u̶t̶u̶r̶e̶ present is DeFi and DAOs — Social DeFi
The f̶u̶t̶u̶r̶e̶ present is DeFi and DAOs — Bitcoin DeFi, Degen 2.0
The f̶u̶t̶u̶r̶e̶ present is DeFi and DAOs — Bitcoin DeFi, Degen 2.0
Social DeFi
Session focused on shedding light over DeFi and its social, human aspects in the Decentralised Finance space. The recording from this session is on YouTube
Key highlights and lesson learned from founders in the Social DeFi space:
Henrik Andersson , co-founder of dHEDGE:
- DeFi has a strong community of users that’s creating a Social layer on the top of DeFi products and will rally the development. Great example is Synthetix.
- Open Source: “ Community can’t be forked.” Strong socials create “stickiness”
- DeFi projects are using DAO powered governance which is powered by the community
- Engage the community before hitting mainnet. Spin off social media channels, use them as tools to engage with the community, users who are adding social layer to your (DeFi) project
- Use public leaderboard of users/managers… to endorse your community members
Kerman, founder of ARCx
- Give out non-tradable token which lets people to be apart of your community
- Game concept — get APR on token or give other value for your token or a fun way how users can engage with your project
- Get community engage with your project and give them tokens for exchange of being engaged and involved in your project
- Created a token and added a leaderboard so people can see who is farming the token which created a momentum where users wanted to farm tokens to climb up the leaderboard rather than have monetary value.
- Add social value to your DeFi project by using game tactics in your project
Moshe Malawach, founder of Aleph
- Interact with users by providing channel infrastructure for dApps
- Provide market cap and liquidity for your project
- Have live SDK so developers can interact with your project and work on integrations
- Create dApps that users can use and interact with
- Decentralise database and dependencies
- Provide cross chain composability
- Onboard users of all supported chains
Suji Yan, co-founder of Mask Network
- The Internet today is not a free playground. Users pay with their data and identity to use internet platforms.
- Users can’t take their friends and data from existing platforms to new ones that are more secure and not selling and using user data, Telegram / Tor as examples.
- Idea to inject a safe layer of Web2 to Web3. If you can encrypt messages you can encrypt pictures as well
- Use Mask to buy crypto on twitter using Uniswap
- Use protocol to encrypt pictures and creating decentralised middleware
- Integrate social value into DeFi by allowing users to interact with your project with financial tools — crypto wallet and social tools — picture encryption
Diane Dai, founder of DODO
- Social DeFi from the decentralised exchange is about how to bring people connected to each other in trading space and how to provide liquidity pool provider where the community can trade asset and provide marketplace for trading assets
- Social DeFi is about providing low barrier to entry Automated Market Making to people who are adding social capital to your project
- Give community ability to customise and free Market Making — deposits and withdrawals
- Crowd Pooling — enable trading after all participants will receive tokens
Bitcoin DeFi Degen 2.0
This event was focused on people who came to Bitcoin and now working on DeFi. The event focuses on the integration between Bitcoin and Decentralised Finance projects. The recording from this session is on YouTube
Avishay Ovadia, Collider Labs lead
- Investment Capital joining companies and supporting them, helping the build the foundations of the project.
- Providing expert support
- Accelerate the process of finding product market fit
- Raise capital from top global investors
- Form partnerships and strategic integrations
Terry Lam, co-founder of Nuts Finance
- acBTC — ERC20 designed for Usability
- Leverage blockchain services to improve traditional financial services
- BTC Market Size is way bigger than DeFi Market Size. DeFi ecosystem Market size is only 2.18% big out of all Crypto space Market Size
- Bitcoin at work — 18.6m of BTC is in circulation from which 148.0k of ERC20 BTC — acBTC which is ERC20BTC Composite Asset
- Key Bottlenecks why more people are not in BTC — Usability, Concentration Risk, User Friction
Loong Wang, CTO and co-founder of Ren Protocol (renBTC)
- Building RenVM and bringing Bitcoin to DeFi
- Universal Interoperability — send any asset (BTC, Filecoin, ..), to any chain (ETH or others) for any purpose ( stake into Compound, Swap via Uniswap, stake in Aave..)
- One of the largest production network with 1700 nodes powering the network
- RenBTC is using Bitcoin on Ethereum and bringing back
- Around $5 Billion of BTC is on Ethereum, $3.8 Billion WBTC, $ 0.5 Billion of renBTC and at least 8 more distributed amongst other renBTC projects
- So many projects where you can put your Bitcoin to work (0x, Loopring, Kyber Network, Balancer and many others)
- Ethereum is the heart and home of DeFi, others are joining in. New applications become available, novel ways to use Bitcoin and earn yield
Edan Yago, co-founder of Sovryn
- Bitcoin is providing truly sovereign money
- Bitcoin — Decentralised sovereign monetary system which means Bitcoin can’t exists without DeFi
- In order to use Bitcoin you need to put it on centralised exchange or other identity, get rid of sovereignty and use it
- DeFi allows us to extend the promise of Bitcoin into the financial space and start using your Bitcoin almost as permission less and censurable as Bitcoin itself
- 90% of crypto Reserves are not in Bitcoin but in reserve assets
- You can use wrapped Bitcoin, which is centralised in DeFi protocols
- Sovryn allows you to buy Bitcoin in permission less way
Decentralized Autonomous Organizations (DAOs)
This session was focused on Decentralised Autonomous Organisations. Talking about Crypto and organisations, communities and human context forDAOs related developments. The recording from this session is up on YouTube
Matan Field, co-founder and CEO of DAOstack
- DAO is an open business, spontaneous collaboration, professional collective, users-owned business, businesses alliance, social collaborative network
- Social Collaborative Networks — Common Hoods, Common Agenda, Common Union, Common Vibes, Common Aid
- Future of DAO thesis: Modular but Consistent DAO Platform and that’s what Matan with his team is building with Alchemy
Eyal Eithcowich from, founder and CEO of DeepDAO
- Collecting and aggregating DAO ecosystem data
- Overview of DAO data based on rank on deepdao.io
- Based on those data you can see who has the most shares within the DAO, who is leading it and so on
Pri Desai, VP of operations at OpenLaw and The LAO
- LAO is similar to what DAO in 2016 was
- Collective of like minded people who are investing and supporting projects
- FlamingoDAO is apart of LAO it is an NFT Collective
- LAO and Flamingo are very similar DAOs, they both have Fluid structure DAOs — anyone can come and leave rage-quit
- DAOs have their own protocols where people who are a part of them have the internet connection and the desire to jump into the community or jump in to learn specific DeFi protocol. You can engage and interact with those very quickly — you just need MetaMask or other wallet and use it with Aave protocol or others
- There’s something special about seeing people meet from all around the world on the internet and interact together and work together on a protocol or a product then meeting each other at the conferences
Ruby Wu, DAOist investor at Incuba Alpha
- Ruby alongside with Daniel has organised the first DAO event in China in 2019
- DeFi is the future of financial systems. DAO is the future in collaboration. Those directions are the key infrastructures for people to organise human capital and capital in the coming digital world with the support of blockchain
- In China the communities are starting to more and more self organise and work together to promote continuous collaboration and development of projects in the format of DAO
- People find it difficult to collaborate together in DAOs mostly as they find it sufficient and efficient tools to use DAO especially because of high surge on gas cost
