Bankless SotN 7/6 - Compound & the DeFi Mullet | Robert Leshner
Jul 7, 2021
Robert Leshner, founder of the Compound Protocol, dives into the intriguing world of decentralized finance. He discusses the launch of Compound Treasury, aiming to bridge traditional finance with DeFi while simplifying access for institutions. The conversation examines the 'DeFi mullet' concept, highlighting fixed interest rates and daily liquidity. Leshner predicts a shift toward DeFi adoption by larger financial players as they see the advantages smaller institutions are enjoying. Join him as he explores the evolving landscape of finance!
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Decentralized Access
- Compound Treasury and the Compound Protocol are distinct entities.
- Anyone can build products like Compound Treasury; Compound Labs holds no special privileges.
DeFi as the Foundation
- DeFi protocols form the base layer of future finance, with applications built on top.
- This structure enables global, transparent, and auditable financial markets.
TradFi Using DeFi
- Coinbase and CurrentBank now offer 4% yield accounts, potentially leveraging DeFi.
- This demonstrates early examples of TradFi companies using DeFi infrastructure.