Decentralized finance (DeFi) is no doubt one of the leading offerings of the crypto market. DeFi has provided users alternatives to traditional investments that they would otherwise not be able to access and this has been one of the major factors driving the growth of the space.
Currently, there are a number of blockchains on which DeFi protocols are programmed, namely; Ethereum, Solana, Cardano, Algorand, which Yieldly is built on, among others. These blockchains seem to be in an arms race to secure the most market share and lead the space. However, Yieldly’s CEO Sebastian Quinn does not believe this is the way to win. Instead, Quinn says, the focus should be more on interoperability between blockchains.
Quinn sat down with NewsBTC for an interview, where the CEO shared thoughts about the space, programmable blockchains, and some exclusive insight on future listings of Yieldly’s native token YLDY.
NewsBTC: Can you tell us about your background and what led to Yieldy?
Sebastian Quinn: My professional training is in corporate law. I worked in corporate law for about five years doing a range of things primarily in corporate finance and M&A. Through that, we saw a lot of interesting tech deals, and I moved full-time into tech doing a number of things – advising and assisting startups. I advised some of the very first ICOs that ever happened.
Then over the course of 2017, we assisted a number of hugely successful ICOs and a number of companies that, to this day, are still performing exceptionally well. I also, during that time, set up one of the first AI and blockchain accelerators, with the group JD.com, which is a large listed Nasdaq company. We started to see the early interest that big corporations had in understanding and wanting to work with distributed ledger technology.
Over the last three or four years, we’ve been continuing our work in the space, keeping a very clear eye on what the trends are, and continuing to invest in projects. It was…
