TradFi Sees Blockchain as the Future, but DeFi Loan Underwriting as a Joke

Description

After Aave had an up to $230 million shortfall in the wake of the Kelp DAO hack, Paul Frambot started calling his institutional partners directly. In this segment from Unchained, he shares what they told him: they believe in the technology and see DeFi as an opportunity. What they don't believe in is how DeFi currently does underwriting. He distinguishes between the institutions still moving forward and the ones now set back, and puts a number on the delay for the first time. Paul Frambot — Co-Founder & CEO, Morpho - https://x.com/PaulFrambot Hosted by Laura Shin - https://x.com/laurashin This clip is from a longer conversation on DeFi lending, institutional adoption, and the fallout from the Kelp DAO hack. Full episode here: https://youtube.com/live/oON7qZ5FLPo We go live every Monday at 3:30 ET — subscribe to catch it live. Thank you to our sponsor! Coinbase One - 20% off first year of annual plan + $50 Bitcoin bonus. Offer valid until May 31. https://coinbase.com/unchained Chapters: 🔵 00:00 Institutions’ reactions to the KelpDAO hack on Aave — and their real thoughts about DeFi underwriting 📈 02:01 Why TradFi asset managers now want to come onchain ⏳ 03:30 How much KelpDAO set back institutions’ DeFi plans: three to six months, years for the most conservative _______________________________________________________ #bitcoin #ethereum #crypto #cryptocurrencies _______________________________________________________ Subscribe to our channel! Website → https://unchainedcrypto.com Unchained Daily Newsletter (FREE!)→ https://unchainedcrypto.beehiiv.com/subscribe/ Unchained X → https://x.com/unchained_pod Apple → https://podcasts.apple.com/us/podcast/id1123922160?ls=1 Spotify → https://open.spotify.com/show/1cJrrfGY1SKBIRn5noKSAf?si=6SI4qIcRTEO7EhOe0V9n4w RSS Feed → https://feeds.megaphone.fm/LSHML4761942757 Unchained: Your no-hype resource for all things crypto!