Crypto Biz: The Biggest Problem With DeFi Isn't What You Think
Decentralized finance still has a long way to go before it can attract institutional capital. Meanwhile, Fireblocks has grown into a 9-figure revenue-generating company.
Newsletter
The cryptocurrency has converted another Wall Street veteran after former Morgan Stanley executive Kevin Lepsoe launched a new decentralized finance (DeFi) platform. His new venture, Infinity Exchange, has received a nice injection of seed funding in an effort to boost DeFi adoption among institutions. In his pledge to help build “DeFi 2.0,” Lepsoe outlined one of DeFi 1.0’s biggest pain points — and it’s one you probably haven’t heard of. It turns out that if you want institutions to adopt your products and services, you need to give them a suite of products they know. Until then, DeFi offers a value proposition clouded by risk and inefficiency.
This week's Crypto Biz newsletter explores Lepsoe's solution to the perils of DeFi. We also analyze the latest news about MicroStrategy and Fireblocks.
Fixed Interest Rates to Create DeFi 2.0 for Institutions, Says Former Bank ManagerLepsoe's Infinity Exchange has raised $4.2 million to further develop its institutional fixed income protocol, which introduces the concept of a floating rate with a bid-free bid. In other words, Infinity Exchange attempts to bring the interest rate mechanics and risk management practices of traditional finance to DeFi. According to Lepsoe, providing institutional investors with access to a suite of full-rate products, including fixed to floating rates, could be key to boosting DeFi adoption. Although most of us know
Decentralized finance still has a long way to go before it can attract institutional capital. Meanwhile, Fireblocks has grown into a 9-figure revenue-generating company.
Newsletter
The cryptocurrency has converted another Wall Street veteran after former Morgan Stanley executive Kevin Lepsoe launched a new decentralized finance (DeFi) platform. His new venture, Infinity Exchange, has received a nice injection of seed funding in an effort to boost DeFi adoption among institutions. In his pledge to help build “DeFi 2.0,” Lepsoe outlined one of DeFi 1.0’s biggest pain points — and it’s one you probably haven’t heard of. It turns out that if you want institutions to adopt your products and services, you need to give them a suite of products they know. Until then, DeFi offers a value proposition clouded by risk and inefficiency.
This week's Crypto Biz newsletter explores Lepsoe's solution to the perils of DeFi. We also analyze the latest news about MicroStrategy and Fireblocks.
Fixed Interest Rates to Create DeFi 2.0 for Institutions, Says Former Bank ManagerLepsoe's Infinity Exchange has raised $4.2 million to further develop its institutional fixed income protocol, which introduces the concept of a floating rate with a bid-free bid. In other words, Infinity Exchange attempts to bring the interest rate mechanics and risk management practices of traditional finance to DeFi. According to Lepsoe, providing institutional investors with access to a suite of full-rate products, including fixed to floating rates, could be key to boosting DeFi adoption. Although most of us know
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