Since the administration of President Donald Trump reported favorable cryptographic regulations, banks, financial institutions and major fintech companies have sought to bring funds to the head, and have been offered access to decentralized finance (DEFI), according to the Development Company of the Alchemy Blockchain.
DEFI, traditionally a way for anonymous users to engage in a complex system of automated loans and borrowing of assets, can bring to a whole new audience of users with conventional finance (tradfi), with the possibility of compliance guards in place and to summarize the head of transmission in intelligent contracts.
The common scheme is better described as cultivating a “deffi mulet”, according to Alchemy, a supplier of choice and shovels for blockchain manufacturers which was described as the “AWS of Crypto”, a reference to the web services of Amazon, the omnipresent cloud computing platform which feeds a large part of the Internet today.
“I see companies like Fidelity, Jpmorgan, Goldman Sachs, Revolut and Robinhood, who are all at different stages of evolution, but who all want to allow their users to take their funds, like their USD or as Fiat Money Funds, then use Defi tools,” said ALCHEMY CTO Guillaume Poncin in an interview.
“The common model is better described by the term” defi mulet “. These are the most interesting use cases, I think, where you can use DEFI under the hood, and the user does not really need to know that this happens, “said Poncin.
A concrete example of this type of thing is the way users of exchange corner (corner), listed in the United States, can easily obtain loans in exchange for locking their bitcoin bitcoin
A type of margin loan to which retail investors have normally not access, underlined Poncin.
“Now, it should be possible for Fidelity to offer these types of margin loans against your monetary market fund account, for example,” said Poncin. “All this is sealed in [crypto] Portfolios and challenge, so that as a user, it is only a click. Do you want a loan against your Vanguard assets? Here is a loan.
“I think that many fintechs consider it a great proof of concept of what can be done. If you tokenize your money market fund or if you are ultimately your user utility room.
Alchemy appeared about five years ago, offering a developer platform to companies seeking to build large-scale blockchain operations. The company then offered programmable links between programs called APIs, allowing data indexing, automation of intelligent contracts and intelligent wallets that seem invisible and intuitive, said Poncin. The APIs, in fact, put the plumbing of the software behind the scenes and facilitate the burden of end users.
“The old -fashioned way with blockchain wallets would involve installing Metamask, but it’s a very heavy process,” said Poncin. “The new trend is that, if you are Nike or Stripe, you want to provide cryptographic portfolios to your users that they do not even know; they are portfolios under the completely invisible hood.”
Correct (June 23, 08:52 UTC): Corrects Revolut spelling in the fourth paragraph.
