DeFi Lab is a Spanish-speaking, decentralized finance community, and organizes a roundtable called „Are decentralized finances (DeFi) an alternative for savers? It will take place on September 10th at 7pm (Spanish time CEST). This was reported to Cointelegraph en Español, from that community in Spain, through a statement.
„In the current context of zero or negative interest rates in most developed economies, it seems that savers have little space. Traditional deposits are even disappearing from the product portfolios of well-known and widespread commercial banks. On the other hand, in a framework of deep financial uncertainty, interest rates on short-term sovereign debt of the countries of the Euro Zone, as well as the United Kingdom, are negative. At most, it reaches a meager 0.1% in others, such as the United States,“ explained the organizers.
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„It should be noted that, since late 2019 and early 2020, several decentralized finance protocols known as DeFi are offering daily deposits in cryptom currencies linked to the US dollar, also known as stablecoins to the USD. In COMPOUND or AAVE you can deposit DAI, USDC, USDT, PAX, sUSD with interest rates above 2% in many cases. In addition, some exchange houses are offering to pay you if you deposit your DAI (stable currency to the USD) interest rates higher than 2%“, they added later
They believe that this context may push savers to look over the wall of traditional financial products. From such an impulse, it seems pertinent to ask whether the gaze is directed at the DeFi. Such a question is the backbone of the meeting organized by DeFi Lab. Those interested in participating can enter here.
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Panel of participants
The participants in the meetup panel will be Leif Ferreira, co-founder and CEO of Bit2Me, a reference exchange house in Spain; the financial journalist Camila Russo, who worked at Bloomberg, author of „The Infinite Machine“ – a book that gathers the origins and first steps of Ethereum-. Russo is also the founder of The Defiant. Juan Pablo Mejía Caicedo, known as „Juan en Cripto“ in his youtube channel, will also participate. In addition to being an Industrial Engineer from the Universidad de los Andes, he has an MBA from the London Business School; Arnau Ramio, developer of Blockchain and DeFi manager of Tutellus, a collaborative and decentralized EdTech platform specialized in Blockchain with two million students and a global reach; and Guillermo Abellán, co-founder of DeFi Lab.
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The moderator of the debate will be Covadonga Fernandez, journalist and founder of Blockchain Observatory.