206: DeFi 101 – Introduction to Decentralized Finance with Clayton Roche


Sam, Johnny & Derek all weigh on this introduction to Decentralized Finance AKA DeFi. Sam interviews DeFi Nation’s Clayton Roche to go over the new types of financial tools available in DeFi and compares them to traditional financial institutions. Then Johnny & Derek recap the interview and give their thoughts on how they might utilize DeFi in the future. They also touch on what to look out for on these platforms that may be too good to be true. Use this episode as a stepping stone into the DeFi space and we will dig deeper into specific DeFi tools in future episodes.


Where we are:


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Time Stamp:

  • 08:02 – What is Decentralized Finance?
  • 11:25 – Why has the government allowed this?
  • 16:49 – What are the bigger stable coins, and how do they work?
  • 20:03 – Why would anyone own a stable coin?
  • 21:32 – Is there a risk in creating a stable coin?
  • 24:45 – Can you explain the borrowing and lending with crypto?
  • 30:16 – What platforms do you use to borrow and lend?
  • 33:10 – Is there more risk in using a centralized than a decentralized platform?
  • 34:30 – What is staking?
  • 38:35 – Can you use staking with “primary” coins?
  • 41:38 – Is borrowing or staking simpler than how the literature appears?
  • 45:34 – Can you explain the differences in centralized and decentralized exchanges?
  • 49:45 – Would coin base be considered decentralized finance?
  • 50:20 – Do you see DeFi overtaking traditional finance?
  • 37:35 – Johnny and Derek recap

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