{"id":493556,"date":"2022-09-16T19:30:00","date_gmt":"2022-09-16T16:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-biz-the-biggest-problem-with-defi-isnt-what-you-think\/"},"modified":"2022-09-16T19:30:00","modified_gmt":"2022-09-16T16:30:00","slug":"crypto-biz-the-biggest-problem-with-defi-isnt-what-you-think","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-biz-the-biggest-problem-with-defi-isnt-what-you-think\/","title":{"rendered":"# Crypto Biz: The biggest problem with DeFi isn\u2019t what you think"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a39408547715\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a39408547715\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-the-biggest-problem-with-defi-isnt-what-you-think\/#%E2%80%9D_Crypto_Biz_The_biggest_problem_with_DeFi_isnt_what_you_think_%E2%80%9C\" >&#8221; Crypto Biz: The biggest problem with DeFi isn\u2019t what you think  &#8220;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-the-biggest-problem-with-defi-isnt-what-you-think\/#Fixed_interest_rates_to_create_a_DeFi_20_for_institutions_says_former_bank_exec\" >Fixed interest rates to create a DeFi 2.0 for institutions, says former bank exec<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-the-biggest-problem-with-defi-isnt-what-you-think\/#MicroStrategy_to_reinvest_500M_stock_sales_into_Bitcoin_SEC_filing\" >MicroStrategy to reinvest $500M stock sales into Bitcoin: SEC filing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-the-biggest-problem-with-defi-isnt-what-you-think\/#Institutional_investors_headed_for_a_tipping_point_on_crypto_Apollo_Capital\" >Institutional investors headed for a tipping point on crypto: Apollo Capital<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-the-biggest-problem-with-defi-isnt-what-you-think\/#Fireblocks_records_100M_revenue_in_subscriptions_amid_bear_market\" >Fireblocks records $100M+ revenue in subscriptions amid bear market<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-the-biggest-problem-with-defi-isnt-what-you-think\/#Dont_miss_it_Will_Ethereums_Merge_alter_crypto_history\" >Don\u2019t miss it! Will Ethereum\u2019s Merge alter crypto history?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Crypto_Biz_The_biggest_problem_with_DeFi_isnt_what_you_think_%E2%80%9C\"><\/span>&#8221; Crypto Biz: The biggest problem with DeFi isn\u2019t what you think  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvMzJlNGIwODItOTBkYy00MjNmLTkxZWEtNDE2NzI3ZjIyNjQwLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-6ebd806f>Cryptocurrency has converted another veteran of Wall Street after ex-Morgan Stanley executive Kevin Lepsoe launched a new platform for decentralized finance (DeFi). His new firm, Infinity Exchange, received a nice injection of seed funding in a bid to boost DeFi adoption among institutions. In his pledge to help build \u201cDeFi 2.0,\u201d Lepsoe described one of the biggest pain points of DeFi 1.0 \u2014 and it\u2019s one you probably haven\u2019t heard of. As it turns out, if you want institutions to adopt your products and services, you need to give them a product suite they\u2019re familiar with. Until then, DeFi offers a value proposition that\u2019s obscured by risk and inefficiency.\u00a0<\/p>\n<p>This week\u2019s Crypto Biz <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>letter explores Lepsoe\u2019s solution to the perils of DeFi. We also dissect the latest news involving MicroStrategy and Fireblocks.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Fixed_interest_rates_to_create_a_DeFi_20_for_institutions_says_former_bank_exec\"><\/span>Fixed interest rates to create a DeFi 2.0 for institutions, says former bank exec<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Lepsoe\u2019s Infinity Exchange raised $4.2 million to continue building its institutional fixed income protocol, which introduces the concept of a floating rate with a zero-bid offer. In other words, Infinity Exchange is trying to bring the interest rate mechanics and risk management practices of traditional finance to DeFi. According to Lepsoe, providing institutional investors with access to a full rates product suite, including fixed-to-floating rates, could be the key to boosting DeFi adoption. Although most of us know about DeFi\u2019s boom-and-bust cycles, Lepsoe said the sector\u2019s biggest challenge is the disconnect between floating rate and fixed-rate markets. Not exactly intuitive, but it\u2019s a compelling take, nonetheless. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"MicroStrategy_to_reinvest_500M_stock_sales_into_Bitcoin_SEC_filing\"><\/span>MicroStrategy to reinvest $500M stock sales into Bitcoin: SEC filing<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Michael Saylor\u2019s business intelligence firm MicroStrategy plans to buy a lot more Bitcoin (BTC), which, at this point, should surprise nobody. In a recent filing with the United States Securities and Exchange Commission, MicroStrategy revealed that it has partnered with agents Cowen and Company and BTIG to raise $500 million via a stock sale, with proceeds going toward acquiring more BTC. The business intelligence firm is doubling down on its Bitcoin gambit despite being down over $1 billion in its current position. With BTC teetering around $20,000 and with analysts expecting more downside in the short term, will MicroStrategy actually buy the dip this time, or will the price just keep on dipping after the purchase?<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">MicroStrategy is set to reinvest to buy the dip as the company&#8217;s reserves suffer from an aggregated $1 billion in value loss. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/rr8eqW7Xen\">https:\/\/t.co\/rr8eqW7Xen<\/a><\/p>\n<p>\u2014 Cointelegraph (@Cointelegraph) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Cointelegraph\/status\/1568706001741959168?ref_src=twsrc%5Etfw\">September 10, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Institutional_investors_headed_for_a_tipping_point_on_crypto_Apollo_Capital\"><\/span>Institutional investors headed for a tipping point on crypto: Apollo Capital<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Remember when investing in crypto was considered to be a \u201ccareer risk?\u201d\u00a0Now, it seems that not<em> <\/em>investing in digital assets carries the biggest reputational risk of all. What a difference a year can make. According to Apollo Capital chief information officer Henrik Andersson, institutional investors may soon \u201cflip\u201d on their conservative <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach toward digital assets. In an exclusive interview with Cointelegraph, the crypto fund manager said institutional interest in digital assets is slowly picking up. Some of the major institutions, such as pension funds, may be waiting for others to make the first move because nobody wants to be first and be wrong. But, once the floodgates open, not being allocated will be considered a bigger career risk.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Fireblocks_records_100M_revenue_in_subscriptions_amid_bear_market\"><\/span>Fireblocks records $100M+ revenue in subscriptions amid bear market<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The crypto industry has crowned dozens of unicorns over the past two years, but how many of these companies have a viable business model? Blockchain infrastructure provider Fireblocks disclosed that it generated over $100 million in annual recurring revenue this year, which is a huge milestone given the current state of the market. Web3 start-ups, payment service providers, consumer brands and gaming companies all contributed to Fireblocks\u2019 massive haul, demonstrating that the blockchain industry is attracting steady interest despite the bear market. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"Dont_miss_it_Will_Ethereums_Merge_alter_crypto_history\"><\/span>Don\u2019t miss it! Will Ethereum\u2019s Merge alter crypto history?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Ethereum\u2019s Merge has been described as a historical event for the blockchain industry as the largest smart contract platform embarks on a major shift in its governance structure. Whereas most traders are fixated on Ether\u2019s (ETH) price, there\u2019s much more at stake. Will the Merge alter the trajectory of the crypto industry, which relies so heavily on Ethereum? Or will it prove to have a negligible impact in the long term? In this week\u2019s Market Report, analysts Marcel Pechman, Benton Yaun and Joe Hall <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=F1G9CKZ_b4E\">discussed<\/a> this very topic. You can watch the full replay below. <\/p>\n<p><iframe loading=\"lazy\" title=\"This week\u2019s Ethereum Merge could be the most significant shift in crypto\u2019s history\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/F1G9CKZ_b4E?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>Crypto Biz is your weekly pulse of the business behind blockchain and crypto delivered directly to your inbox every Thursday.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-biz-the-biggest-problem-with-defi-isn-t-what-you-think\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Crypto Biz: The biggest problem with DeFi isn\u2019t what you think &#8220; Cryptocurrency has converted another veteran of Wall Street after ex-Morgan Stanley executive Kevin Lepsoe launched a new platform for decentralized finance (DeFi). His new firm, Infinity Exchange, received a nice injection of seed funding in a bid to boost DeFi adoption among&#8230;<\/p>\n","protected":false},"author":1,"featured_media":493557,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvMzJlNGIwODItOTBkYy00MjNmLTkxZWEtNDE2NzI3ZjIyNjQwLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[132789,107545,122847,71939,117],"class_list":["post-493556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-hedge-fund","tag-liquidity","tag-microstrategy","tag-banks","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/493556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=493556"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/493556\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/493557"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=493556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=493556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=493556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}