EBC22 | CeDeFi and its influence on the future of crypto.

Transcript

[Music] i will check it uh so my name is ilya letonov i am co-founder of midas investment and today i want to tell you about the idea i'm very passionate about so it's about sidify and i think this is concept could really change the future of the crypto market i have very strict timing so let's go into some concept and some history and uh when i think we will could understand

what's this meaning of sidify uh in mind this investment eyes first of all yield uh the thing with yield is the king king of crypto market if you could provide better big yield you give all liquidity from the market so let's uh go into yield history uh i think the first timing is the appearance of 65 products something like uh cryptocom telseos nexa and this products uh was innovative and they start to give some institutional and retail loans under the cryptocurrencies and they have some transactional things like credit cards and it works

and why it works because it's very easy for retail users to understand the product all the due diligence of the loans is take backs on the system and you don't need to look in uh what's the process what you do want to do so it's basically like similar bank model but encrypter and it's easy to understand for all the users okay now it's crypto banks let's go there um but but i think cifi is has uh some drawbacks and first of all it's it's a black box and i have some facts and points uh about it because central authority is something like

hidden asset management so you really don't understand what's happening with your assets undiversify model and i think i don't need to talk too much about telsos at these situations but it was fully and transparent thing to understand what's happening with celsius for its investor and we have cases some blockify that has only one opportunity to cover the losses and to sell the equity the next things three euro capital and the situation that then like all crypt risk that we have uh in crypto market is fighting with institutional loans too and they need to focus how to

mitigate them and i think the five point uh drawbacks of the t5 models it's very uh an efficient in one transaction they have a lot of stuff a lot of processes it's burned the cash rate which could be yield for your customers this is uh how we see this fight at this point and next the defy yield its appearance with some with sushi swap uni swap curve other and these products build in the blogs fully transparent open source blogs to to make the financial services for the

whole world and they provide defiled from the start it's very excellent for finance because it's very transparent and provided liquidity to the products yes security at first was a problem but i think with each uh hack in a time all the system gets to unpredictable code because it's learning it's uh could be much more better from the time the second thing is about protocol to economics because it's very uh you can make some sophisticated products and some fluent things from the stuff to benefit the protocol something

like governance talking or some loans and exchange protocols things i think the best thing this is like a blocks so each defy protocol is a fully transparent and ready block and you could build your own investment product using this infrastructure but but why defy is very far from mainstream because it's easy to fork easy to copy but it's very easy to scan and it's very hard to navigate through all these protocols for retail investor a lot of blockchain similar products but

different marketing how you can choose who to invest and for defy protocols i think the whole market is something like the game of chairs than all fighting for liquidity fighting with all marketing or products and all the stuff that's keeping this market in very nervous state yes so i think it's the state of defy at this point and next let's go to sidify and maybe you have heard some with german from binance but in my opinion what's doing like

company binance or cryptocom it's justified centralized uh companies who build their own defined protocols so they don't use all the ecosystem of defy they don't try to connect it we just launch their own products and it's fully centralized under the management so i think it's not the best minion of cd5 and for us this is new approach that's could this underlie sfi by using entire device system to provide wealth for the customers so what's this means for us first of all you need to build

automative investment yield products and gather all the liquidity and fees for your customers next you need to use uh some tokenized longer short positions to hatch latent markings and to balance the risk portfolio so it must be dynamic and use some algos to achieve this next the second thing is to providing transparency transparency from all the source funds that you have as a company and transparency of your yield and how you get it the next thing that i think that it's could be a very good combination of defy

and algorithmic tools to get directional yells on short positions or long positions and you combine your algae strategies with defy protocols and i think the main thing is to explain in the risk to investor you need to educate your customers and to educate their market but not be in a black box of yield to work on the market and to achieve the goals together um this is some examples so we use some defy protocols like curve like liquidity pools like unislab v3 and we use some alga about trending algas professional tradings some hedging

derivatives so we combining defy products with c5 products together and making the due diligence of them and provide it to retail customer and it's easy to click easy to swap easy to manage your portfolio but it could give you much more stable yield and in a bigger amount to finalize certify in our eyes its products certify products combine simplicity and atomicity so it's easy to enter exit strategies anytime you want as your vision of risk profile you can manage profile in one place and adapt it to market conditions

uh all risk are split to the trenches more risk more yield and you can choose what you want for yourself and no hiding risk full transparency of defy at least some words about us midas investment the crypto hedge fund and the platform who is pr rna sidify we have more than two thousand billion dollars under our management and we have more than eight k users from all over world and we have some rocket launch from september to may uh they have a lot of capital under our management it's

more than doubled it tripled and i think this is so our customers voting for this idea of citify so i think we have some product market fiend and now we need to scale it and we have our token who in this very difficult risky scenario at march with luna with celsius we are stable we have a microcup i think our idea about cdfi is the future and it's combining all drawbacks and bad things from tfi and defy so if you're interested in some partnership or want to discuss this concept don't hesitate to contact me through telegram or email

and thank you for your attention and may the crypto power be with you [Applause]