DeFi on Polkadot with Acala and Laminar: Part 1

About this Episode

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.

Links:

• Regaining confidence in Decentralized Stablecoins - Ruitao Su

• Building a Decentralized Sovereign Wealth Fund

• Laminar Website

• Acala Network Website

Highlights:

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