
About this episode
We get back to basics on the show with Dan who answers some fundamental questions about DeFi and what it means to actually be a decentralized protocol. What are the threats to DeFi and how can we build a great decentralized future.
------
📣 CONSENSYS | DILIGENCE FUZZING
https://bankless.cc/diligence-fuzzing-pod
------
🚀 Airdrop Alpha is waiting for you on Bankless.com
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE
⚖️ ARBITRUM | SCALING ETHEREUM
👾STADER LABS | ETHX LIQUID STAKING
🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
🎮IMMUTABLE | GAMING ECOSYSTEM
🛞MANTLE | MODULAR LAYER 2 NETWORK
------
Topics Covered
0:00 Intro
3:34 Let's Talk About DeFi
8:09 Intro To Dan
10:51 What About DeFi is Broken?
15:05 Why is DeFi Vulnerable?
17:23 What is an Oracle?
20:12 What if Chainlink Goes Down?
27:08 What Does it Mean To Be DeFi?
33:17 What Apps Are Actually Decentralized?
41:15 How Dependancy Free Apps Emerge
45:36 Solving the Liquidity Issue
47:57 Bring Your Own Oracle
54:36 Is Orcale Free The Future?
59:35 Closing and Disclaimers
———
Resources:
Dan Elitzer
Why DeFi is Broken and How to Fix It, Pt 1: Oracle-Free Protocols
https://www.nascent.xyz/idea/why-defi-is-broken-and-how-to-fix-it-pt-1-oracle-free-protocols
Some of Dan’s favorites:
Panoptic - https://twitter.com/Panoptic_xyz?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
Timeless - https://twitter.com/Timeless_Fi?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
Blend by Blur - https://twitter.com/blur_io?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures
Get every episode summarized
Each time Bankless publishes, we email you a written briefing from the transcript — the topics, who appeared, and any specific claims, with the ad reads skipped.
Email me new episodesFree for 3 shows. No card needed.
No transcript yet
This episode has not been transcribed. Request it and it moves to the front of the queue.
More episodes
More from Bankless

Why Hasn't The Dollar Fallen? | Lessons from Currency Historian Barry Eichengree...
Bankless

Up or Down from Here? Bears vs. Bulls
Bankless

"Fix the Money, Fix the World" — Michael Saylor's Master Plan (plus questions on...
Bankless

ROLLUP: Iran Ceasefire Rally | Anthropic’s “Mythos” Model | Q-Day Divide | Stabl...
Bankless