DeFi 101: The Case for Open Finance

Digital assets and open networks offer a better alternative to the way money and value has traditionally been transacted. Banks and legacy financial institutions are about to get disrupted by a new frontier. In this video we explore why this is simply inevitable.

This is The Defiant x Harmony, a weekly series brought to you by Harmony Protocol's Creative Director, Robin Schmidt, and Camila Russo, the founder of The Defiant, to explore DeFi's most important stories and demystify this exciting emerging financial space.

0:00 Intro
0:43 What is DeFi?
2:13 Ownership of money
2:42 What is money?
3:41 Too good to be true?
5:40 Traditional banking system
6:48 Why is DeFi difficult to grasp?
8:34 End

Camila Russo on Twitter: https://twitter.com/camirusso
The Defiant: https://www.thedefiant.substack.com
Purchase Infinite Machine at Amazon: https://www.amazon.com/Infinite-Machine-Crypto-hackers-Building-Internet-ebook/dp/B07X8HS2WC

Edit by Alp Gasimov
https://twitter.com/alpgasimov

This series is produced by Harmony Protocol.
https://www.youtube.com/harmonyprotocol/