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Detailing The DeFi Front & Backend Talking Points 🗣️

Psaul is someone who has is intrigued with DeFi & tokenomics to a level beyond belief allowing him to distribute all his thoughts through a tokenomics report on lending protocols which confirmed our understanding of his passion.

Detailing The DeFi Front & Backend Talking Points 🗣️

Coming across people passionate about crypto isn’t rare. Coming across people passionate about DeFi despite it’s complexities is rare.

Psaul is someone who has is intrigued with DeFi & tokenomics to a level beyond belief allowing him to distribute all his thoughts through a tokenomics report on lending protocols which confirmed our understanding of his passion.

Now it’s our readers turn to get a taste of that👇

Russian DeFi: Introduce yourself. Who are you, what do you do, and how did you get involved in crypto?

Psaul: First of all, thank you for reaching out to me. I'm honored to be here. My name is Psaul.

I began researching DeFi protocols out of personal curiosity, but over time, I've managed to turn it into a commercial venture.

Currently, I'm working on building Anubis Labs with a group of friends. We aim to provide marketing and trading services, and I personally consult on tokenomics for emerging teams.

Russian DeFi: For someone completely new to the concept, how would you explain the significance of tokenomics in crypto?

Psaul: Let's start with a basic introduction to tokens. Tokens are digital representations of ownership in products, services, and networks that you value.

Imagine having a stake and a voice in your favorite brands; that's a slice of the potential of tokens.

The level of control varies across different platforms, but it's a revolutionary shift from traditional companies.

Tokenomics, at its core, focuses on two main aspects:

1. Distributing the token to those who are most engaged with the brand or business.

2. Defining what functionalities the token offers to its holders.

Russian DeFi: How has understanding token design influenced your decisions in the crypto space?

Psaul: Great question. I'd break this down into three main points:

1. Tokenomics provides a foundation to predict how a token might perform. With this understanding, one can gauge the impact of various market forces on a token.

2. Token design revolves around understanding the motivations of every stakeholder. By assessing whether the value flows are sustainable and understanding the reasons for participation, it becomes easier to make informed investment decisions.

3. Specifically, token design has guided my investment choices, whether for speculative purposes or for consistent cash flow. However, it's crucial to also understand the narratives and fundamentals because even the best token design can't salvage a flawed product or business model.

This knowledge has not only improved my decision-making but has also introduced me to influential figures in crypto. Engaging in discussions about tokenomics and incentive structures with top industry players has been incredibly enlightening.

Russian DeFi: Some argue that DeFi is on its way out. What's your take on this?

Psaul: It really depends on whom you ask and where you look. Many might not grasp its potential simply because they don't fully understand the existing financial system. If one doesn’t have that, the odds aren’t in their favour to understand the intersection of smart contracts, finance, and cryptography. Our current financial infrastructure has its strengths, but DeFi is progressively overcoming its challenges.

Often, teams begin building one thing and then run into the problem of not having the tooling available to finish it. Prompting a team to either pivot, or build what they need to make the original idea work. 

While some of the crypto-curious may have become estranged with cheap tactics, legitimate and capable teams are building ambitious protocols that could change the current landscape.

For instance, Ajna Finance recently launched a permissionless and immutable money market, attempting to position themselves as the "Uniswap of lending.". They've addressed major security concerns. By adopting an oracle-free design, they avoid over $500 million worth of hacks

Distributed Validator Technology is being instituted in several (liquid) staking solutions to disturb centralisation concerns at Ethereum’s consensus layer.

There are numerous other innovations in the pipeline, from distributed validator technology, to intents and account abstraction - which I believe will help drive the adoption of NFT-fi apps.

While some of these advancements might seem technical, they underscore the untapped potential of DeFi.

Russian DeFi: You recently released a report on Lending Protocols. Can you give us a brief overview of what readers can expect?

Psaul: Certainly. The report offers:

1. An in-depth analysis of various lending protocol mechanism designs.

2. An exploration of the compromises each protocol makes concerning their token.

3. Insights into the results of specific distribution strategies.

4. Frameworks to consider when conceptualizing token design.

I hope readers find it informative and insightful.

Russian DeFi: Thank you so much for your time Psaul this article should really open people's eyes to the value that actually can be crafted through thinking about DeFi through a completely different lens!

I will share your links below for the audience to indulge in your thoughts!

As a reminder, this is not a trading signal or investment advice; it is an opinion, and each trader/investor should know and understand the risks of trading cryptocurrencies.

This should not be regarded as financial advice; feel free to familiarise yourself with our NFA disclaimer.


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