We get back to basics on the show with Dan who answers some fundamental questions about DeFi and what it means to actually be a decentralized protocol. What are the threats to DeFi and how can we build a great decentralized future. ------ 📣 CONSENSYS | DILIGENCE FUZZING bankless.cc/diligence-fuzzing-pod ------ 🚀 Airdrop Alpha is waiting for you on Bankless.com bankless.cc/Alpha ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE k.xyz/bankless-pod-q2 🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE bankless.cc/MetaMask ⚖️ ARBITRUM | SCALING ETHEREUM bankless.cc/Arbitrum 👾STADER LABS | ETHX LIQUID STAKING bankless.cc/Stader 🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION bankless.cc/Toku 🎮IMMUTABLE | GAMING ECOSYSTEM bankless.cc/Immutable 🛞MANTLE | MODULAR LAYER 2 NETWORK bankless.cc/Mantle ------ Topics Covered 0:00 Intro 3:34 Let's Talk About DeFi 8:09 Intro To Dan 10:51 What About DeFi is Broken? 15:05 Why is DeFi Vulnerable? 17:23 What is an Oracle? 20:12 What if Chainlink Goes Down? 27:08 What Does it Mean To Be DeFi? 33:17 What Apps Are Actually Decentralized? 41:15 How Dependancy Free Apps Emerge 45:36 Solving the Liquidity Issue 47:57 Bring Your Own Oracle 54:36 Is Orcale Free The Future? 59:35 Closing and Disclaimers ——— Resources: Dan Elitzer twitter.com/delitzer Why DeFi is Broken and How to Fix It, Pt 1: Oracle-Free Protocols www.nascent.xyz/idea/why-defi-is-broken-and-how-to-fix-it-pt-1-oracle-free-protocols Some of Dan’s favorites: Panoptic - twitter.com/Panoptic_xyz Timeless - twitter.com/Timeless_Fi Blend by Blur - twitter.com/blur_io ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: www.bankless.com/disclosures