Facebook & Libra’s David Marcus Is Asking About Ethereum DeFi


Ethereum’s decentralized finance (DeFi) space has received a lot of attention in recent months. This sector of the crypto space has seen a rapid uptick in capital involved as the yields and incentives to use these DeFi applications have increased at a dramatic clip. Data shows that the number of DeFi users has literally gone from a few thousand at the start of the year to somewhere close to a few hundred thousand now.

Prominent investors and innovators within and outside of the crypto space are understandably taking notice. So much so that David Marcus, co-founder of Libra and a former PayPal president, began to ask about it on Twitter just recently.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom

David Marcus From Facebook Discusses DeFi

David Marcus is a well-known figure in the crypto and financial technology community. He is a former PayPal president and ran the Messenger team at Facebook. Now, he is helping to run Libra, the digital currency project first launched by Facebook but one that has since expanded to a more decentralized/distributed mandate.

Marcus recently asked about DeFi, having seemingly begun to read up on the subject. He asked his followers:

“What are the most interesting #DeFi projects beyond Uniswap, Maker, and Compound I should know about?” 

Dozens of individuals responded with the projects that they should Marcus could look into.

It is unclear why Marcus is asking about DeFi, but he is an outspoken fan of Bitcoin, Ethereum, and other decentralized networks and neo-financial technologies.

Related Reading: Tyler Winklevoss: A “Tsunami” of Capital Is Coming For Bitcoin

Far From the Only Investor or Innovator Taking Note

He is far from the only prominent investor or innovator in Silicon Valley taking notice.

Legendary venture investor Naval Ravikant recently stated in a podcast with Tim Ferris:

“They’re building a decentralized Wall Street, they call it DeFi, D-E-F-I, for decentralized finance. But I actually think it’s more like DEFY as, just defy the government, DEFY. And so I think, we’re seeing a whole new casino that’s better than Wall Street.”

Silicon Valley venture firms have also begun to allocate capital to this space. This interest is likely to drive the next round of growth in this still-nascent sector in the already-nascent crypto space.

Related Reading: 3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing
Featured Image from Shutterstock
Price tags: xbtusd, btcusd, btcusdt
Charts from TradingView.com
Facebook & Libra's David Marcus Is Asking About Ethereum DeFi

Source link


  1. I’ll immediately grab your rss feed as I can not find your e-mail subscription link or newsletter service. Do you have any? Please let me know so that I could subscribe. Thanks.

  2. Greetings! I know this is kinda off topic however , I’d figured I’d ask. Would you be interested in trading links or maybe guest authoring a blog post or vice-versa? My website covers a lot of the same topics as yours and I think we could greatly benefit from each other. If you are interested feel free to send me an email. I look forward to hearing from you! Fantastic blog by the way!

  3. I have been absent for some time, but now I remember why I used to love this blog. Thanks , I will try and check back more often. How frequently you update your site?

  4. hey there and thank you for your info – I have certainly picked up something new from right here. I did however expertise several technical points using this website, as I experienced to reload the site many times previous to I could get it to load correctly. I had been wondering if your hosting is OK? Not that I’m complaining, but slow loading instances times will very frequently affect your placement in google and can damage your high quality score if ads and marketing with Adwords. Well I am adding this RSS to my e-mail and can look out for much more of your respective intriguing content. Make sure you update this again soon..


Please enter your comment!
Please enter your name here