Crypto Biz: The Biggest Problem With DeFi Isn’t What You Think
Cryptocurrency has converted another Wall Street veteran after former Morgan Stanley executive Kevin Lepsoe launched a new platform for decentralized finance (DeFi). His new venture, Infinity Exchange, has received a nice injection of seed funding in a bid to boost DeFi adoption among institutions. In his pledge to help build “DeFi 2.0”, Lepsoe described 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 provide them with a product suite that they are familiar with. 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 break down the latest news about MicroStrategy and Fireblocks.
Fixed Interest Rates to Create DeFi 2.0 for Institutions, Says Former Bank Manager
MicroStrategy to reinvest $500 million from stock sales in: SEC filing
Institutional Investors Head To Crypto Tipping Point: Apollo Capital
Fireblocks posts over $100 million in subscription revenue in bear market
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