As I’m preparing for my interviews with @rleshner of @compoundfinance and @RuneKek of @MakerDAO at @SCB10X_OFFICIAL #DeFi Virtual Summit this Wed Dec 16, reading and listening to countless interviews of these two OG DeFi founders, here are my takeaways

1/4. Vision from both of them is that DeFi and crypto overall need to expand beyond their own bubble to real-world use cases such as trade finance, real estate, stocks, bonds, commodities. They want DeFi to solve the real world problem and work with real world assets.

2/4. Even with all the faults we have in traditional finance (opaque, expensive, slow), we still have core competencies such as safety, scalability and predictability. DeFi has its strengths in transparency, cost, speed, but is currently still at the beginning of scaling process

Both of them are interested for DeFi to work with traditional finance to create scale. (Note to many of you out there, they don’t think that the society should or can be bankless; nor do they “not want to work with traditional banks”)

3/4. Compound wants to be reliable at scale – have the core competencies that traditional finance have - safety, scalability & predictability. Compound wants to serve both traditional institutional users and DeFi users alike, so they can build on top of Compound protocol

4/4. MakerDao wants DeFi to provide real value to real world. Their ambition is more than just to create a stablecoin for worldwide remittance and transactions. Their decentralized ideals and DAO governance reflects a larger dream of restructuring social and financial systems.

DeFi should be interconnected, more liquid, more efficient, more transparent, more resilient, more equal and less politically charged.