Sergey Nazarov, co-founder of the Chainlink blockchain (LINK), is an absolute leader in Decentralized Finance. Chainlink is the bridge between real world data and the blockchain. DeFi systems are dependent upon “oracles” to aggregate data, such as the price of crypto, and provide it to smart contracts in a secure, trustless way.
The DeFi opportunity is immense.
With over 2 trillion dollars in total market cap of crypto, only a small percentage of this has been moved into DeFi services like Aave. We are still in its infancy. DeFi will enable borrowing, lending, derivative markets, and many other use cases.
As a form inevitable disruption, he explains DeFi in the context of finance evolution. Paper finance was disrupted by digital finance, and now digital finance will be disrupted by decentralized finance—yet this latest paradigm shift into DeFi will exponentially exceed anything that we have seen so far.
“DeFi is orders of magnitude better than centralized digital finance.” –Sergey Nazarov
“[DeFi] is a net benefit for everybody… it’s a net benefit for society, because of the transparency and control and risk management that everybody gets.” – Sergey Nazarov
For further information on this DeFi opportunity, check out: Decentralized Finance Explained.