Aptos CEO: Universal identity app, stablecoins, DeFi could expand crypto adoption

Aptos CEO Mo Shaikh says a universal identity application that gives access to crypto assets could attract new users.
Shaikh believes stablecoins have growth potential due to demand for dollars and faster payments.
He says decentralized finance (DeFi) innovation could expand access to crypto and attract users.
Shaikh thinks open DeFi protocols could empower the next generation of wealth creation globally.
PayPal entering the crypto space shows the demand for moving money, per Shaikh.

dailyhodl.com

Relevant topic timeline:

8/29/2023

Ex-Goldman Sachs Executive Explains Bullish Crypto Thesis, Says Markets Will Likely Outperform Tech Stocks - The Daily Hodl

Former Goldman Sachs executive and Real Vision CEO Raoul Pal explains that crypto assets, unlike other systems, allow users to own and operate pieces of a network, creating scarcity in an increasingly digital world and leading to potentially much larger market cycles.

9/6/2023

AI to reinvent DAOs while tokenized models will become valuable: VC firm

Artificial intelligence could bring true autonomy to decentralized autonomous organizations (DAOs) and tokenized AI models may become valuable assets on the blockchain, according to Vance Spencer, the co-founder of Framework Ventures. He also highlighted the potential of blockchain technology in decentralized computing marketplaces and auditing AI-provided information.

9/7/2023

‘Pure’ DeFi has little chance for real-world use because of need for oracles: BIS

According to a Bank for International Settlements (BIS) bulletin, a centralized oracle based on trust may be the only option for DeFi, but this compromises the decentralization ethos underlying crypto DeFi.

9/15/2023

Coinbase CEO Backs DeFi in Courts, MakerDAO Founder Bullish on Dai, Polygon's ZK Bet Pays Off as DEX Wash Trading Exposed

Coinbase CEO Brian Armstrong advocates for decentralized finance (DeFi) protocols and suggests legal action to establish a legal precedent, while MakerDAO's founder believes decentralized stablecoins could dominate the crypto market, and Polygon CEO acknowledges the success of their $1 billion investment in zero-knowledge proof rollups. Additionally, market surveillance firm Solidus Labs reveals that decentralized exchanges have become a hotspot for wash trading, and a DeFi advocacy group petitions to stop a patent troll from targeting DeFi protocols. Despite a mixed week for the top 100 DeFi tokens, the total value locked into DeFi protocols remains above $49 billion.

9/25/2023

DeFi's Growing Reliance on Centralized Stablecoins and Bonds Clashes with Decentralization Ethos, But Staked ETH May Offer Path to Self-Sufficiency

DeFi has become centralized, with stablecoins and real-world assets dominating the market, but crypto staking yields can bring decentralization back to the space by offering a viable alternative.

9/26/2023

DeFi Derivatives Platform Avantis Labs Raises $4M to Enable On-Chain Forex and Commodities Trading

Decentralized finance (DeFi) derivatives ecosystem Avantis Labs has raised $4 million in a seed funding round led by Pantera Capital to grow its flagship product Avantis, a perpetual-trading and market-making protocol that aims to enable forex and commodities to be hedged and traded on-chain without the need for tokenization, with plans to expand its capabilities beyond perpetual trading to include options trading in the future.

10/3/2023

AI Poised to Boost DeFi Adoption Through Easing Language Barriers, Compliance, Security

Decentralized finance (DeFi) has the potential to revolutionize wealth building globally, and the use of Artificial Intelligence (AI) can address challenges such as liquidity, language barriers, regulatory compliance, and security to further enhance its adoption and growth.

10/6/2023

Crypto Hacks, Closures, and Innovations Dominate September 2023 News

September became the biggest month for crypto exploits in DeFi, with over $300 million in losses, the popular DeFi lending protocol Yield announced its permanent closure by December, and Polygon co-founder Jaynti Kanani stepped down from his day-to-day roles at the firm, while decentralized autonomous organizations (DAOs) were praised for their potential in helping scientists find funding and community.

Topics

Posted 10/2/2023, 7:55:29 PM