On this episode
Overview
Within the newest episode of the Crypto Slate podcast, host Akiba and visitor Jared Gray delve into the world of decentralized finance (DeFi) and its potential affect on conventional finance. Jared Gray, who, late final yr, took on the function of head chef at SushiSwap, a decentralized alternate (DEX) constructed on the Ethereum blockchain, offers perception into his expertise with the decentralized hiring course of and his new function within the DeFi area.
The dialog begins with Akiba asking Gray about his background and the way he ended up within the function of head chef at SushiSwap. Gray reveals that he doesn’t have a culinary background, joking that the one dishes he is aware of tips on how to make are those he made on the primary few dates together with his fiancé. He then goes on to elucidate that his appointment as head chef was the results of a decentralized hiring course of, through which he and different candidates participated in a public vote and debate to find out one of the best match for the function.
When requested about how this course of compares to conventional hiring strategies, Gray notes that it was extra nerve-wracking but in addition extra thrilling, because it allowed for a extra clear choice course of. He goes on to say that the expertise was a “first of its variety” and one thing that different decentralized tasks may be taught from and implement.
The dialog then shifts to the subject of rates of interest within the DeFi area, with Akiba citing Coinbases USDC rates of interest being decrease than the Federal Reserve’s rate of interest. Gray feedback that whereas it might be good for DeFi to outperform conventional finance when it comes to rates of interest, he’s extra targeted on changing conventional finance infrastructure and offering entry to modern merchandise and options in a decentralized framework.
The dialog then turns to the present financial local weather and its potential affect on the DeFi trade. Gray acknowledges that it will likely be difficult, however he’s optimistic about the way forward for DeFi, stating that historical past has proven that cash goes by means of durations of reconstruction and renaissance. He believes that the groups that survive the present financial downturn would be the ones that outperform the market in the long term.
In conclusion, the podcast offers useful insights into the present state of DeFi and its potential affect on conventional finance. The decentralized hiring course of at SushiSwap and Jared Gray’s expertise as head chef supply a singular perspective on the transparency and openness of the DeFi area. Moreover, the dialog on rates of interest and the present financial local weather highlights the challenges and alternatives that lie forward for the DeFi trade.