DeFi and the Future of Finance

During the Global Financial Crisis in 2008, our financial infrastructure failed. Govern­ments bailed out the very institutions that let the economy down. This episode spurred a serious rethink of our financial system.

In DeFi and the Future of Finance, Campbell R. Harvey, Ashwin Ramachandran, and Joey Santoro introduce the new world of Decen­tralized Finance. The book argues that the current financial landscape is ripe for dis­ruption and we are seeing, in real time, the reinvention of finance.

The authors provide listeners with a clear assessment of the problems with the current financial system and how DeFi solves many of its issues. The essence of DeFi is that we interact with peers-there is no brick and mortar and all of the associated costs. Savings and lending are reinvented. Trading takes place with algorithms far re­moved from traditional brokerages.

The book conducts a deep dive on some of the most innovative protocols such as Uniswap and Compound. Many of the companies featured in the book you might not have heard of-however, you will in the future.