Crypto Biz: The biggest problem with DeFi isn’t what you think
Cryptocurrency has converted another veteran of Wall Street after ex-Morgan Stanley executive Kevin Lepsoe launched a new platform for decentralized finance (DeFi). His new firm, Infinity Exchange, 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 the biggest pain points of DeFi 1.0 — and it’s one you probably haven’t heard of. As it turns out, if you want institutions to adopt your products and services, you need to give them a product suite they’re familiar with. Until then, DeFi offers a value proposition that’s obscured by risk and inefficiency.
This week’s Crypto Biz newsletter explores Lepsoe’s solution to the perils of DeFi. We also dissect the latest news involving MicroStrategy and Fireblocks.
Fixed interest rates to create a DeFi 2.0 for institutions, says former bank exec
MicroStrategy to reinvest $500M stock sales into : SEC filing
Institutional investors headed for a tipping point on crypto: Apollo Capital
Fireblocks records $100M+ revenue in subscriptions amid bear market
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