FutureX Podcast Recap: Episode 7 with Justin Trollip from Pangolin Exchange
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Listen to the full episode on Spotify, Apple Podcasts, and YouTube.
In this episode of the FutureX podcast, we had the pleasure of speaking with Justin Trollip, the CEO of Pangolin DEX. With a background in economics and finance, Justin has since found his passion in the technology and blockchain industry. He previously worked on software implementations in other sectors, such as mining and pharmaceuticals.
In this conversation, Justin provides valuable insights into the innovative Pangolin DEX and its contributions to the blockchain ecosystem. Furthermore, he shares his journey and views on the future of cryptocurrency and the challenges and opportunities that come with operating in such a rapidly evolving industry. Join us as we explore the exciting world of Web3 with Justin Trollip.
Justin’s Crypto Journey
In the podcast, Justin shared his fascinating journey into the crypto industry. He first discovered Bitcoin in 2012 while still working in traditional finance in South Africa. Initially interested in mining Bitcoin, he soon realized the importance of gaining technical skills to code smart contracts in Solidity. Later, his involvement in the community grew, and he began submitting pull requests and eventually leading the core team of Pangolin DEX. During the conversation, Justin also spoke about the challenges of working in DeFi, such as adapting to a global operation and using various communication tools like Telegram and Discord.
Pangolin DEX stands out with its unique selling proposition, supporting a multi-chain future by being chain-agnostic, VM-agnostic, and protocol-agnostic. Justin explained that this approach allows Pangolin to offer a decentralized exchange that seamlessly integrates with different blockchain networks and protocols, increasing its versatility and scalability. As the blockchain industry continues to evolve, supporting multiple chains will be increasingly critical, and Pangolin DEX’s forward-thinking approach positions it well for the future.
The Democratizing Potential of Decentralized Finance
During the podcast, Justin emphasized the potential of DeFi to democratize finance and provide financial inclusion to underserved communities worldwide. With DeFi, anyone with an internet connection can access financial services and participate in the global economy. Justin believes this can be a game-changer for the 1.7 billion globally unbanked people excluded from traditional finance. He also highlighted that DeFi could provide more transparency and accountability in the financial system, as all transactions are recorded on the blockchain and can be audited by anyone. This creates a more open and fair financial system that benefits everyone, not just a select few.
Overall, Justin’s insights provide a compelling vision for the potential of DeFi to drive financial innovation and inclusion on a global scale. By leveraging the power of blockchain technology, DeFi has the potential to revolutionize the traditional financial system and create a more equitable and accessible financial landscape.
DeFi Regulation
In the podcast, Justin emphasized the advantages of decentralized finance and smart contracts, eliminating shady behavior in traditional finance. He explained that smart contracts could not be tricked or manipulated since they are transparent, audited, and secured by the blockchain. Furthermore, decentralized exchanges like Pangolin DEX never take custody of users’ funds, ensuring they have complete control over their money.
However, Justin also expressed his concerns about the regulatory environment surrounding the crypto industry. While regulation aims to protect investors, he believes it can impede industry progress and create a secondary market for lawyers and regulatory experts. He argues that instead of stifling innovation, regulators should provide clear guidelines allowing builders to create innovative financial products to drive the next technological wave.
In summary, Justin’s insights highlight the potential of DeFi to revolutionize traditional finance through smart contracts and decentralized exchanges. However, he also points out the challenges and opportunities of operating in a regulatory grey area and suggests that clear guidelines would enable the industry to continue to innovate and build financial products that benefit everyone.
Want to split a USDC reward? Complete the Gleam tasks for this episode to win USDC or NFTs!
Listen to the full episode on Spotify, Apple Podcasts, and YouTube.
Want to be a guest on FutureX Podcast? Know someone who would be a great guest? Reach out to greer.rodriguez@synfutures.com.
About SynFutures
SynFutures is a next-generation Web3 decentralized derivatives infrastructure that creates an open and trustless derivatives market by enabling trading on anything with a price feed anytime. SynFutures democratizes the derivatives market by employing an Amazon-like business model, giving users the tools to freely trade any assets and list arbitrary futures contracts within seconds.
Deployed on multiple blockchains, SynFutures is currently the largest derivatives exchange on Polygon and is among the top three most actively used decentralized derivatives exchanges. Backers include Tier 1 Web3 institutional investors Pantera Capital, Polychain Capital, Susquehanna International Group (SIG), Dragonfly Capital, Standard Crypto, and Framework Ventures, and team members have extensive experience at global financial institutions, fintech companies and blockchain technology companies such as Alipay, Bitmain, Credit Suisse, Deutsche Bank, Matrixport, and Nomura Securities.
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