The Unsung Hero of Crypto - DeFi

DeFi has recently become a massive force in the crypto space.
There is now $800M of REAL value locked into Defi contracts, which equates to nearly 1/10th of all ETH's value locked in Defi. I repeat, one-tenth. How is this not talked about more?

Up until recently, all loans on DeFi had to be OVERcollateralized. This means to borrow $1, you need to deposit $1.50. It's essentially margin trading.

Until we can start collateralizing assets, being overcollateralized as a lending model just didn't make any sense.

But now there is another option. With Zero Collateral Protocol, you can no UNDER collateralize loans, all the way to zero collateral.

Hold up... How is this possible and why has the $400M monolith MakerDao not tried to do this already?

Chris and Ryan explain in under 10 minutes in the most recent podcast, starting at minute 24:00.

This is not a sponsored show, nor am I partnered with ZCP. I believe this is something INCREDIBLY powerful to come into the DeFi space and think the more people who know and support this mission, the stronger the crypto ecosystem can become.


Itunes:





COMMENT

23

preview not available Elena Demou
26 Jan

This is honestly something I have never looked into before. Quite fascinating though!

15 REPLY

24

Becky Ruvare
26 Jan

The over collateralization was something that was highly criticised that people even made comments of DeFi future failure but this is a great strategy to silence criticisms and to attract a big market, it's really good 

12 REPLY

19

Imo Clement Ekuma
26 Jan

DEFI has really gained track in crpto space.

8 REPLY

14

[email protected]@ [email protected]
26 Jan

I think he is doing a great job. And he is really gaining fame in the crypto world..

8 REPLY

22

Sincere Helper
26 Jan

I learn many new things in this post about Defi sir Jeff and 1/10 of total Ethereum locked. I will must check of Ryan and Chris podcast of just minutes. We should support everything which related to CryptoCurrency or his ecosystem always.

7 REPLY

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