YouTuber Daniel Ramon joins Yahoo Finance Live to discuss the rise of decentralized finance as cryptocurrency trading and blockchain discussions have reached mainstream audiences in 2021, and the trend’s outlook for 2022.
Video Transcript
– One YouTuber who I’ve enjoyed some of the videos from– very happy to welcome him into the program here, to spotlight some of these biggest exploders in 2021 and some things to look forward to in 2022 on his channel, Danku_R. Daniel Ramon joins us right now to chat more about DeFi.
Appreciate you coming on, man. Happy New Year’s Eve. Thanks for being here with us. You know, like I said, really good explainers and hands-on details that we can’t really do here. But when you look back on the DeFi explosion in 2021, talk to me about what you saw. Because it’s been so much so that you quit your job to be doing this full time now.
DANIEL RAMON: Yeah. First of all, thank you very much for the invitation. And as you said, right, every day, something new is happening. We often say, also, in this environment, in this community, is that one week feels like a year. Because if you just look away, new protocols are coming, new concepts are coming out there.
And it was, for me, just also a crazy journey this year, as you said, right? I started my content creator journey this year, focusing on the topics of crypto and DeFi, and I now also decided to quit my job. And I think what is important, what I uncovered myself, is that often it seems very complex, what’s happening there, but the logic behind is very straightforward, in terms of that there are clear processes. We can really look on the blockchain and see what’s happening there, and that is so fascinating for me. And, well, people asked me, because I did a flowchart on Twitter and tried to explain stuff, would you like to do a video about that? Maybe you can explain more. And I said, well, I can try. And now I’m here, right, after six months of really doing YouTube explainer videos about crypto and DeFi.
– Yeah, you and me both, man. I mean, it’s been a lot of explaining to do this year. And I guess both of us really latched onto a project earlier in the year, which is, of course, Terra, and digging into what they’re trying to solve– a decentralized stablecoin. But much more being built on that network. And we look at Do Kwon, the founder of Terraform Labs– he’s been tweeting about some things to watch for in 2022. I’d be curious to get your take on maybe some of the themes he’s been highlighting, when it comes to what Web 3, decentralized– you know, all these protocols might unlock, when we look ahead. What are you keeping your eye on, I guess, for what to watch for next year?
DANIEL RAMON: So, specifically about the Terra Luna ecosystem, I think there are a few protocols that are coming live. We’ve just seen one of the biggest, probably, DEX launches just a few days ago, Astroport. But next year, there are more protocols coming that really try to kind of…
Read More: finance.yahoo.com