[INTERVIEW] Justin Kang Talks About DeFi and Trends in Crypto Market
Justin Kang is the Head of DeFi business strategy at Delio, and the company is growing into a global crypto finance company by entering the United States, Europe, China, and Vietnam.
He said that 2020 is the year of DeFi, “DeFi refers to a new form of finance that allows investors to use liquidity pools without third-party lenders through various cryptocurrency platforms. In other words, DeFi has a new concept of financing in which an individual who owns a crypto asset becomes a liquidity provider and adds an asset to the current asset pool.”
Explaining that, “The increase in the value and liquidity of crypto assets brings the versatility of crypto assets. Behind the scenes are the following elements” :
- Increased reliability of blockchain-based crypto assets
- Convenient UI/UX such as the growth of decentralized exchange, swap service using Metamask, etc.
- Growth of blockchain platform technology and DeFi protocol, development of API and Index index
He also said that global IT entrepreneurs, such as Elon Musk and Mark Zuckerberg, are already interested in crypto assets and are trying to converge with the fourth industry. He suggested that people think about a new paradigm and medium of exchange beyond the internet or mobile.
At this point, when the TVU(Total Value Utilized) of Delio service has already exceeded $1.6 billion, in the first quarter of 2021, the synthetic asset DeFi service complements the weaknesses of DeFi and integrates the advantages of CeFi will be launched. It is raising the expectation of Delio’s new DeFi service.
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