Decentralized Finance (DeFi) is a multi-billion-dollar movement involving several intermingled concepts. At its core it is blockchain-based and uses an immutable, trustless computer network that verifies transactions without human intervention. Most of the Ethereum-based decentralized exchange (DEX), which allows people to swap tokens that run on the Ethereum network.
Individuals can also earn money on the platform by providing liquidity by locking up tokens they own; others can then borrow the tokens and pay interest to the liquidity providers. All of this is using smart contract code without human intervention. That means you could be able to be your own bank.
Join us to explore the legal issues and security with Decentralised Finances, Let’s dive in!
Mr. Dominic Wai, Partner, ONC Lawyers
Mr. Antony Ma, CEO and Founder, Hoplite Technology Limited
Mr. Laurent Charlier, Managing Director, Clema Risk Solutions