Cointelegraph China DeFi Marathon invited global DeFi ventures, venture capitalists and influencers to participate in a three-day online event on decentralized financing from September 2 to 4.
Participants included Ontology, Darwinia, Miniswap and Dexe.network projects, as well as DeFi projects such as ForTube, Bitfrost, Gollf, Akropoliks and Nest Protocol. CT China held ten round tables and in-depth discussed the DeFi ecosystem with a number of guests.
The global webcast gathered speakers to discuss DeFi security, high fuel transaction fees, DeFi insurance and methods of hedging market risks, the role of a stable currency, price forecasts, and how venture capitalists are investing in space.
The main topic was the risks and opportunities in space. Xiangming Li, co-founder of Cointelegraph China and founder of Chain Capital, noted that DeFi has brought immediate investment opportunities, but there is a risk that accredited investors will not have enough time to undertake due diligence on DeFi projects or review their codes.
Andrianova founder of Acropolis said he believes DeFi provides an opportunity to raise large sums of capital, but Ding Yongpeng, founder and CEO of the DeFi Golff Project, thinks the investment in DeFi is relatively small so far, especially in the case of institutional investors. He mentioned that:
“In the short term, DeFi will have a partial effect on traditional financial markets, but its effect is very limited […] While there is money in some traditional institutions, its share is still relatively small.”
He believes that with better regulations, traditional money will flow into the DeFi market.
Regarding DeFi’s future, the speakers had different opinions. LiJun, founder of Ontology, and Eric Beanus, President of Ontology US, believe the decentralized credit scoring system (that their project is working on) is what is needed in the field, and David Trung, a software engineer for the Aave protocol, is in agreement. :
In the early days of DeFi, even though many depositors invested the assets in a loan agreement, they did not want to use it to obtain loans. As a result, a large number of secured positions in the loan agreement were inactive, and the efficiency of using funds was extremely low […] The loan license combines the functionality of a smart contract with trust between peers, and can improve funds efficiency. ”
Alex Chen, co-founder of Darwinia, highlighted the importance of DeFi’s stacked coins and said that they play two very important roles as investors need a stable middleman to store value and demand it as a medium of exchange. Lei Yu, co-founder of ForTube, agreed that stablecoin is crucial to DeFi, so he plans to launch an Ethereum-based stable currency project with a focus on the Asian market.
Paul Veradittakit, Partner at Pantera Capital, advises investing in DeFi projects on an individual basis: do your research, get a range of opinions, and get expert help:
Different people can offer more career knowledge and other career advice. When it comes to assessing security vulnerabilities in the code, it is best to have a technical team in the team who can help them examine some of the issues in the code and see what kind of risk is going on. “