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  • why did I win?

  • Maker started before you compound started before you, but he's got clearly the leader.

  • Why did you guys win?

  • I think it's because of the inclusivity and the way we are built everything.

  • So we always try to be very inclusive when we let's say uh tap into different communities, list assets.

  • Look into other kind of like I change when we're buildings for example, we listed different kinds as a community.

  • We listed like different kinds of assets that for example, other more I would say like maximal is um, uh, community members will not approve.

  • We listed together before anyone else as a lending currency.

  • It's still a lending currency.

  • The collateral Wrap BTC.

  • So we were able to unlock the value of PTC than anyone else.

  • Bitcoin as a lending instrument.

  • Exactly on 30.

  • Um, yeah.

  • And and the same we were in polygon like Sunday we had uh, as well.

  • So kind of like, and now like expanding.

  • So our community has been very inclusive and this inclusiveness has been very rewarding.

  • So in terms of assets and and link community was one of the first we we listed and gave a lot of traction as well.

  • It's just like kind of like seeing where are those communities that are untapped and going and servicing them.

  • It's just like we could imagine if there's a world somewhere where people don't have mobile phones and you go and give them mobile phones or give them internet connection, satellite connection.

  • Give cars, people will be happy and the thing what we did like of course like we didn't give physical objects, we gave them accessibility, unlock value, get killed.

  • Just basic financial, uh, tools and that's part of the whole financial inclusion, not of like in this micro like communities, but in macro level.

  • For example, now anyone who is accessing over the 100 different access points into the other protocol globally, they get the same yield.

  • So if I access from London, if someone access from Singapore, you know, they have the same equal opportunity for that.

  • And that's like financial inclusion, what we're doing.

  • And I believe that this is this finance mostly will be adopted to like maybe like, uh, institutions, financial intermediaries, you know, could be part of software stack in, in big banks.

  • But the main difference that we did now is that you have direct access into the centrist protocols if you don't like your service providers, which means that we first time ever in history, we created finance as a human right after the barter economy.

  • That's very big.

  • Such an important part.

  • And again, you know, last year we were really fighting for freedom of speech, which I didn't understand what it really meant until it gets taken away from you.

  • And this year, I was campaigning to be mayor of London and I was in the middle of the street talking to my iphone and Uh five police fans surrounded me and they said you're banned from campaigning.

  • And I thought there's something wrong with that.

  • So we fought back for free and fair elections and then I'm looking about finance.

  • I think it's one of the last human rights that doesn't exist.

  • Exactly privacy.

  • Yeah, privacy.

  • But like again, it's one thing for you and I have access to it.

  • But you know, if you're on the african subcontinent or in some of the places in Asia and India, you might not have that basic human right to borrow, lend access to financial markets.

  • And um always tell this tale of two women like my mom's 76 she's in California and there's a 76 year old woman in Ethiopia.

  • They both were single mothers.

  • They both raised three kids, but my mom had the option of investing in property that was stable and this woman might have only had the option investing in the local currency that was devalued property that was seized by the government in a business that was made redundant because of civil war.

  • And now this woman in Ethiopia and my mom both have access to digital property and maybe to lending and borrowing through.

  • What do you do?

  • I mean it really is a human rights.

  • It is, it is.

  • And and the thing is like kind of like essentially what defy is it's a marketplace of liquidity and algorithms that allocate the liquidity in different kinds of opportunities.

  • An algorithm is part of, let's say our protocol is algorithm and make her that's an algorithm essentially it's basically cold base and the first time ever you have this kind of like an ocean of liquidity.

  • So I think like when you think about the fly and try to explain it to like a wider concept what's happening here defy is kind of like an ocean.

  • So no one controls it.

  • Like you kind of like clay motion which is like everyone's right, right.

  • But then you have different kind of ports in different countries.

  • Like those are the coin basis of the world, the context of the world and banks of the world.

  • Institutions like everyone has the access to the ocean to a port for example, but you don't need a port.

  • You can go and swim from the beach to the sea and you have this accessibility.

  • But the cool part is that, you know, anyone can contribute any part of the world.

  • You can create a new innovation and first time ever you have developers building at the same time into the same financial infrastructure, the same kind of like a software base.

  • So it's very even difficult to create a parallel system where you want to create.

  • Okay, let's create a different kind of defy where we have, we have a bit more decentralization but we know the actors or some sort of like a mesh because you have so much innovation going and and this efficiency that end of the day it's more efficient to use defy and it's ever ever growing because of innovation.

  • So let's say the more capital is coming into the disinterest minus the more innovation is going on, there's more demand again and you have this constant cycle.

  • And at some point we can take the capital out of the defi by creating trust network.

  • So for example, I might need a collateral, I might not need an ethereum to borrow uh stable coins, but also can deposit ethereum uh borrow stable coins and give that borrowing power to someone else.

  • For example that I trust maybe other part of the world, so I can delegate my borrowing power and that person can actually draw that those stable coins and convert the national currencies and whatnot.

  • And we can create this kind of like a trust networks on on top of the decent last finance later.

why did I win?

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B1 access kind lending finance financial listed

Making Finance a Human Right For The First Time In History ? Stani on Why Aave Beat Its Competitors

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    林宜悉 posted on 2021/09/29
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