There and Back Again: A DeFi Tale - The Daily Gwei #9
thedailygwei.substack.com
Where did DeFi come from and who were the “OGs”? That is, who was building in DeFi back in 2016/2017 or earlier before it was known as DeFi? That was the question that Peter Pan posed on Twitter today. This got me thinking - can we pinpoint the exact moment that DeFi became a “thing” on Ethereum? Do ICO’s and TheDAO count as “DeFi”? What is the oldest DeFi project on Ethereum? Well, if you look back at the Ethereum whitepaper, you’ll see that financial use-cases have been spoken about since the very beginning. The excerpt below discusses price oracles and derivatives - good to also keep in mind that Ethereum’s whitepaper was published all the way back in 2013!
There and Back Again: A DeFi Tale - The Daily Gwei #9
There and Back Again: A DeFi Tale - The Daily…
There and Back Again: A DeFi Tale - The Daily Gwei #9
Where did DeFi come from and who were the “OGs”? That is, who was building in DeFi back in 2016/2017 or earlier before it was known as DeFi? That was the question that Peter Pan posed on Twitter today. This got me thinking - can we pinpoint the exact moment that DeFi became a “thing” on Ethereum? Do ICO’s and TheDAO count as “DeFi”? What is the oldest DeFi project on Ethereum? Well, if you look back at the Ethereum whitepaper, you’ll see that financial use-cases have been spoken about since the very beginning. The excerpt below discusses price oracles and derivatives - good to also keep in mind that Ethereum’s whitepaper was published all the way back in 2013!