John Quinn, CIO and general partner of Decentral Park Capital, discusses the fastest growing sector of the crypto market today—decentralized finance (DeFi). Founded in 2017, Decentral Park Capital is a digital asset manager that brings a combination of long experience in traditional finance, emerging market business development, and deep domain expertise in the digital asset domain. Quinn describes DeFi as a collection of applications across a wide range of financial primitives that seek to replicate legacy financial blocks on-chain, which means middle-men are quickly being replaced by middleware, unlocking huge efficiencies in the process. DeFi has already climbed to a $120 billion market in just a few years, finding clear product-market fit along the way, and Decentral Park’s thesis is that DeFi represents the brand new backbone of the global financial system. Decentral Park is launching their new 24-month DeFi Fund that will be investing solely in assets that sit within this growing DeFi ecosystem. Prior to Decentral Park Capital, John co-founded Storj Labs, a leading decentralized cloud storage provider. Prior to that, he was a tech investment banker at Credit Suisse and Deutsche Bank. Filmed on March 19, 2021.
Key Learnings: One of the most valuable aspects of DeFi is that it is open and permissionless, which stands in stark contrast to traditional finance. DeFi has grown tremendously over the last few years, but it is still in the very early days in its adoption life cycle. Decentral Park Capital’s use of on-chain data can provide valuable insights to those looking for big investment opportunities in the DeFi space.