A Money View of DeFi

This discussion will focus on the article The Crypto Banking System, which dives into the required foundations to build a financial system on top of decentralized finance (DeFi). The work illustrates through balance sheets how institutions would be interconnected, building on Zoltan Pozsar’s mapping of the Shadow Banking System (see here and here)

We will be joined by the article’s author, Sébastien Derivaux.

Sébastien Derivaux is ALM Analyst at MakerDAO. MakerDAO is the leading lending protocol in DeFi and the issuer of the $-pegged DAI stablecoin, the leading decentralized stablecoin (>$6B market cap). Sébastien focuses on bridging the gap between DeFi and TradFi. working both on asset-liability management and investing the balance sheet into Real-World Asset (currently bonds). Prior to joining MakerDAO, Sébastien worked as head of financial planning and analysis for an insurance company. He holds a PhD in Data Science from Strasbourg University