This week we talk to the Acala Network team and learn about their ventures in DeFi on Polkadot and Ethereum.
Joe Petrowski (Research Analyst, Parity Technologies) speaks with Dr. Antonia Chen, Chief Econominst and Co-founder of Laminar and Acala, and Ruitao Su, CEO and Co-founder of Acala and Laminar. They are working on a governed protocol that enables decentralized finance applications on blockchain, allowing everyday users to join the DeFi revolution by having margin trading, synthetic assets, stable coins, and integrated money markets all on the Polkadot network.
01:36 - What is Defi and how does it compare to traditional financial markets?
03:20 - What makes Defi more "fair" than traditional finance?
05:40 - What new things are possible with defi on blockchain?
10:20 - The limitations of DeFi
15:01 - 3 Protocols on Laminar: Margin trading, Synthetic assets and Integrated Money Markets
19:40 - 3 protocols on one chain or three?
21:15 - The issues with tokens on Ethereum
23:12 - Polkadot's shared security enabling better tokens / Why parachains are advantageous to smart contracts
26:05 - Dual-launch on Ethereum and Polkadot
30:04 - Going live on Polkadot