How to Fix DeFi with Dan Elitzer
How to Fix DeFi with Dan Elitzer Ā 
Podcast: Bankless
Published On: Wed May 31 2023
Description: We get back to basics on the show with Dan who answers some fundamental questions about DeFi and what it means to actually be a decentralized protocol. What are the threats to DeFi and how can we build a great decentralized future. ------ šŸ“£ CONSENSYS | DILIGENCE FUZZING https://bankless.cc/diligence-fuzzing-pod Ā  ------ šŸš€ Airdrop Alpha is waiting for you on Bankless.com https://bankless.cc/AlphaĀ  Ā  ------ BANKLESS SPONSOR TOOLS: Ā  šŸ™KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2Ā  Ā  šŸ¦ŠMETAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMaskĀ  Ā  āš–ļø ARBITRUM | SCALING ETHEREUM https://bankless.cc/ArbitrumĀ  Ā  šŸ‘¾STADER LABS | ETHX LIQUID STAKING https://bankless.cc/StaderĀ  Ā  šŸ—£ļøTOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/TokuĀ  Ā  šŸŽ®IMMUTABLE | GAMING ECOSYSTEM https://bankless.cc/ImmutableĀ  Ā  šŸ›žMANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/MantleĀ  Ā  ------ Topics Covered Ā  0:00 Intro 3:34 Let's Talk About DeFi 8:09 Intro To Dan 10:51 What About DeFi is Broken? 15:05 Why is DeFi Vulnerable? 17:23 What is an Oracle? 20:12 What if Chainlink Goes Down? 27:08 What Does it Mean To Be DeFi? 33:17 What Apps Are Actually Decentralized? 41:15 How Dependancy Free Apps Emerge 45:36 Solving the Liquidity Issue 47:57 Bring Your Own Oracle 54:36 Is Orcale Free The Future? 59:35 Closing and Disclaimers Ā  ā€”ā€”ā€” Resources: Ā  Dan Elitzer https://twitter.com/delitzerĀ  Ā  Why DeFi is Broken and How to Fix It, Pt 1: Oracle-Free Protocols https://www.nascent.xyz/idea/why-defi-is-broken-and-how-to-fix-it-pt-1-oracle-free-protocolsĀ  Ā  Some of Danā€™s favorites: Panoptic - https://twitter.com/Panoptic_xyz?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5EauthorĀ  Ā  Timeless - https://twitter.com/Timeless_Fi?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5EauthorĀ  Ā  Blend by Blur - https://twitter.com/blur_io?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5EauthorĀ  Ā  ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Ā  Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures