Since the summer, Defi on Ethereum has been getting a lot of attention from investors. Available capital is growing day by day as many investors want to take advantage of the yield and have a little FOMO. The number of Defi users has risen from a few thousand at the start of the year to somewhere in the neighborhood of a few hundred thousand now.submitted by jakkkmotivator to thecryptobasic [link] [comments]
Defi is becoming more and more famous.
Investors who are already familiar with crypto can no longer ignore Defi, and more and more people outside the crypto world are starting to learn about it. David Marcus, the co-founder of Libra, even brought it up on Twitter.
David Marcus is a well-known figure in crypto and fintech. In the past, he was a director at PayPal and led the Messenger team on Facebook. Now he helps run Libra, Facebook's digital currency project. Due to all the commotion from banks and a political angle, the Libra project has been delayed a lot.
But Marcus recently asked about Defi, as he started to read about the topic. He asked his followers:
"What are the most interesting Defi projects outside of Uniswap, Maker, and Compound that I should know about?"
Dozens of individuals responded with the projects that Marcus could look at. Even Vitalik Buterin couldn't help but respond.
It is unclear why Marcus asks about Defi and whether this has to do with Libra. In any case, he is an outspoken fan of Bitcoin, Ethereum, and other decentralized networks and new financial technologies.
Defi is defying
Marcus is far from the only prominent Silicon Valley investor or innovator devoted to Defi.
Naval Ravikant is the co-founder of AngelList. He is an angel investor and has spent in higher than 100 businesses, including many mega successes such as Twitter, Uber, Notion, Opendoor, Postmates, and Wish. He recently spoke to Tim Ferris about Defi in a podcast.
"They're building a decentralized Wall Street. They call it Defi, D-E-F-I, for decentralized funding. But I think it's more like DEFY, defy the government, DEFY. And so I think we see a whole new casino that's better than Wall Street. "
While Bitcoin is a store of value, Libra, like many other FIAT currencies, is a medium of exchange. David Marcus, the Co-Creator of Libra, Head of Facebook’s Blockchain team and former head of PayPal suggested the same in a tweet, he said, “Many want to pit Libra vs. Bitcoin. In my mind these two are not in the same category. BTC is a ... According to Libra board member David Marcus, mainstream banks are following the footsteps of PayPal in recognizing the potential of Bitcoin. “Turning a Corner” In his latest tweet, Libra co-creator says they are “turning a corner” as “mainstream financial services players getting on the crypto bandwagon.” Libra project was rolled out by the social giant Facebook with the support ... Calibra CEO and former Facebook blockchain lead David Marcus will take a seat on the five-person board of directors. He’s joined by Katie Haun, a general partner with Andreessen Horowitz; Wences Cesares, CEO of Xapo; Patrick Ellis, general counsel at PayU; and Matthew Davie, chief strategy officer of Kiva. Bertrand Perez, Dante Disparte and Kurt Hemecker - all former PayPal employees - will ... Facebook is on a growing list of tech companies testing out the blockchain space, with former PayPal executive David Marcus leading its charge. Amazon, IBM, Microsoft and J. P. Morgan are among others looking at use cases for the technology, which supporters call more transparent and more secure than existing data systems. Coinbase announced that David Marcus was joining its board of directors on Tuesday. This is not surprising, as Marcus already had experience in PayPal before joining Facebook . Marcus states that he was already keeping a close eye on Bitcoin and other cryptocurrencies since 2012 and that he was very excited about the possibilities that could appear by joining Coinbase . Facebook Taps David Marcus to Fight Payments Initiatives - A Bitcoin lover and one of the early proponents of Bitcoin. David is one of the founders of Libra, a potential coin by Facebook. He is the former president of PayPal, former Vice President of Messaging Products at Facebook, and an ex- Board of Directors at Coinbase. David Marcus has 65300 followers on Twitter and you can follow him here. 8 ... “David Marcus is actually considered as one of the first top Silicon Valley executives to adopt and support bitcoin. In 2013, at the LeWeb conference in Paris, Marcus stated the fact that he is a big fan of bitcoin and owns a stash of it. He called bitcoin a store of value and a distributed ledger. Getting this type of support back in 2013 was pretty exciting and we can tell that David has a ... This Bitstamp review is a complete guide on England based Bitstamp exchange with all latest information and updated details. Skip to content . Main Menu. Guides Menu Toggle. What is Cryptocurrency Staking; What is Cryptocurrency Mining-Everything You Need To Know; What is Bitcoin and How Does it Work; What is Ethereum-How Does it Work-Complete Discussion in Simple Terms; How to Buy Bitcoin ...
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