At Blockchain Summit Latam they analysed the basis for a new financial paradigm with DeFi

Romina Sejas, Community Manager of Buenbit, gave a talk from Argentina on „The foundations for a new financial paradigm“.

Within the framework of the Blockchain BitQT Summit Latam Online 2020, Romina Sejas, Community Manager of Buenbit, gave a talk from Argentina on „The foundations for a new financial paradigm“, emphasising decentralised finance, also known as DeFi.

Sejas highlighted that the Ethereum network is the platform where DeFi is mostly developed. However, he clarified that there are also other blockchains where DeFi is being tried to be built.

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On the other hand, he commented: „About those who say that the DeFi winter is coming, I believe that the ecosystem is actually being purified and we are in a first maturation“.

Thinking that in DeFi you can find several elements to manage finances in decentralized ways, Sejas also highlighted the contrast between different markets: „From LATAM we can see DeFi as a way to protect ourselves or save money. But in Spain they are looking at how to maximize returns.

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He then stated that it is important to see if we are evaluating DeFi from a numbers perspective or are evaluating the big development on a technical level. In that sense, he said that there are „brilliant developers“. And he also highlighted that what is happening includes various fields, such as finance, micro and macro economics, programming.

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He said that we are witnessing one of the most complex moments in the ecosystem and „it will be hard to digest“.

He also did not let it pass that one of the criticisms this year was the increase of gas in the Ethereum network. But he clarified: „There are already people to provide solutions about this“.