• Cointelegraph’s Elisha Owusu Akyaw discussed the evolution of decentralized finance (DeFi) with Fourth Revolution Capital investor, DeFi Dad in the fourth episode of Hashing It Out podcast series.
• DeFi Dad got into the cryptocurrency industry in 2017 and has since been focusing on DeFi, creating educational content to onboard new users into the space.
• DeFi Dad emphasizes the trustless nature of DeFi and explains the difference between decentralized applications and centralized applications like FTX.
In the fourth episode of the Hashing It Out podcast series, Cointelegraph’s Elisha Owusu Akyaw sat down with DeFi Dad, a DeFi educator and investor at Fourth Revolution Capital (4RC), to discuss the evolution of decentralized finance (DeFi).
DeFi Dad has had an interesting journey into the world of cryptocurrency. He first got into the industry in 2017, but it was not until the bull market peak in early 2018 that he truly began to take his involvement seriously. Despite the market downturn that followed, DeFi Dad decided to double down and dedicate himself to DeFi in particular. This dedication has paid off, as DeFi Dad is now a highly respected leader in the space and has created a series of educational videos to onboard new users into the space.
According to DeFi Dad, decentralized finance is composed of money-related applications that are permissionless, trustless and without geographic limitations. He explains the trustless nature of DeFi and highlights the differences between decentralized applications and centralized applications like FTX. He states that while FTX was initially a bank that specialized in handling and storing crypto, it ultimately failed to uphold the terms of service expected of a bank.
The recent issues have made a strong case for DeFi and despite the market turmoil, the DeFi space is continuing to develop. DeFi Dad’s investment company, 4RC, has seen an influx of investment and interest in the space. DeFi Dad believes that more people are seeing DeFi as a viable alternative to traditional finance, and he looks forward to seeing the industry develop even further in the near future.