Greed overwhelmed the power of good ideas in the short term, but there is a solid foundation for a DeFi future.
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Featuring Simon Dixon and Ash Bennington
Jul 13, 2022 • 41 minutes
The crypto market is experiencing a "Lehman Brothers" moment, according to Simon Dixon, the chaos caused by greedy short-termers exploiting vulnerabilities in nascent technologies such as DeFi and yield farming. The CEO of BnkToTheFuture says lenders marketed products as low-risk savings accounts to attract retail depositors. What they were really doing was investing customer funds in DeFi, effectively making their products high-risk securities. Dixon joins Real Vision's Ash Bennington to talk about what happened at these troubled exchanges, how the industry can recover, and when it can begin to move forward again. A Celsius shareholder, Dixon is committed to helping retail investors affected by the company’s failure. He leads the Celsius Recovery Plan, a community-driven solution that will work outside traditional finance, as was the case with Bitfinex. To learn more about the plan and to share your thoughts, please visit bnktothefuture.com/celsius. Recorded on July 8, 2022.
Show MoreIn the fast-moving world of cryptocurrency, Real Vision CRYPTOVERSE works at an accelerated pace to keep you ahead of market swings and ever-evolving innovations. Crypto's smartest minds sit down for in-depth discussions covering everything from the blockchain and DeFi to NFTs, Web 3.0., the Metaverse, and what's still beyond the visible horizon.
More EpisodesIn the fast-moving world of cryptocurrency, Real Vision CRYPTOVERSE works at an accelerated pace to keep you ahead of market swings and ever-evolving innovations. Crypto's smartest minds sit down for in-depth discussions covering everything from the blockchain and DeFi to NFTs, Web 3.0., the Metaverse, and what's still beyond the visible horizon.
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