- Maple Finance CEO Sidney Powell just lately sat down with Scott Melker for a podcast.
- Powell talked concerning the potential of the DeFi market alongside different subjects.
- Powell talked about that the DeFi market could possibly be 100 occasions bigger.
Maple Finance CEO Sidney Powell just lately sat down with Scott Melker to debate the potential of the DeFi market. Throughout the podcast, the duo mentioned varied subjects together with the FTX impact, the function of AI, asset tokenization, lending companies, and extra.
Talking concerning the DeFi market, Powell referred to the reluctant nature of banks and different monetary gamers to make use of good contracts and cryptocurrencies resulting from what they understand. Powell talked about that this is because of regulatory uncertainty.
Furthermore, he mentioned that if these monetary establishments had been to make use of DeFi, it’s not tough to see a world wherein DeFi could be 100 occasions greater within the subsequent ten years, by way of who participates.
Melker, who’s the host of the podcast, requested if he sees it as a substitute for legacy programs, sees it as a parallel rail, or sees legacy programs evolve and run on DeFi. He additionally cited the examples of JP Morgan and Goldman Sachs, asking if he sees them utilizing DeFi sooner or later.
Powell, nonetheless, talked about that he would not see that taking place. “I do not suppose so. I believe they will begin utilizing the instruments, however I see that as an innovator’s dilemma.”
Melker additionally questioned how AI might affect this. Powell replied that AI is sort of a value reducer. In a method, this might assist builders be extra productive and likewise assist with credit score positioning, which can assist scale back prices in a variety of methods.
